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The American Empire in a Changing World



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Tuesday, October 2, 2012

Concerns Mount that ECB Bond-Buying Program Is Illegal

From Der Spiegel

''The markets have celebrated Mario Draghi's announcement that the European Central Bank will embark on unlimited purchases of sovereign bonds from crisis stricken countries. But are such purchases really legal? Draghi's own justification for the program leaves plenty of room for doubt.''

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