News Headline Summary

ECB law suit by German Group over bond purchases fails at EU court

- Court ruled the challenge as "Manifestly inadmissible" because it was filed more than two months after the start of ECB'S bond buying program & decision to accept it as collateral.

Update details:

- The lawsuit against the ECB was too overturn its decision to buy Euro area government debt and to accept Greek, Irish & Portuguese debt from banks as a collateral.

Print 14:41, 19 Dec 2012 - Economic commentary - Source: Newswires