The European Court of Justice supported a financial support mechanism which has helped to defuse the European debt crisis in recent years.
In a decision announced on Tuesday in Luxembourg, court told European Central Bank could buy bonds of countries facing excessive costs to borrow in the market. That policy has been in force since 2012. Although never used, has helped calm the markets.
The high costs of debt can lead a country to ransom, as happened with Greece, Portugal and Ireland.
The mechanism had been appealed by a German conservative lawmaker and others who considered that the ECB had exceeded its powers.
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