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Added on the 14/01/2015 17:58:43 - Copyright : Reuters EN
A European Central Bank bond-buying plan crafted at the height of the euro zone crisis is in line with European law, judges from the European Court of Justice have ruled, throwing their weight behind the ECB and rebuffing a German challenge. As Sonia Legg reports, the ruling comes at a key time for the euro zone, particularly Greece.
The European Central Bank has taken the ultimate policy leap, launching a government bond-buying programme which will pump hundreds of billions of new money into a sagging euro zone economy. (ROUGH CUT ONLY - NO REPORTER NARRATION)
The European Central Bank will begin shrinking its enormous bond portfolio from March 2023, as part of efforts to fight high eurozone inflation, says ECB's president Christine Lagarde at a press conference in Frankfurt, Germany. SOUNDBITE
The European Central Bank unveils a new crisis-fighting tool to keep the borrowing costs of indebted eurozone governments like Italy under control as interest rates rise for the first time in a decade. Dubbed the "Transmission Protection Instrument (TPI)", the targeted bond-buying scheme "can be activated to counter unwarranted, disorderly market dynamics that pose a serious threat to the transmission of monetary policy across the euro area," says ECB President Christine Lagarde. SOUNDBITE by Christine Lagarde, President of the ECB
Ukraine's parliament approves President Volodymyr Zelensky's candidate for prime minister -- a 35-year-old lawyer who works for his administration called Oleksiy Goncharuk. A majority of deputies voted to back Goncharuk, who has just three months of government experience. IMAGES
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