Germany's top court restricts Europe's economic options

Germany is the EU's biggest member state and lender of last resort. PHOTO: EPA-EFE
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LONDON - European Union officials are refusing to comment on a German Constitutional Court ruling that the European Central Bank overstepped its powers when it decided to buy the debt of EU member states in order to help with their finances.

And at least for the moment, Europe's financial markets remain largely calm.

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