The European Central Bank's headquarters (ECB) is pictured in Frankfurt/Main, Germany, on January 22, 2015.AFP PHOTO / DANIEL ROLAND
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The European Central Bank has been hit by new lawsuits from German Euroskeptic politicians over its vast bond-buying program, several sources said Tuesday.The latest legal challenge against the ECB's "quantitative easing," or QE, program was filed before Germany's Constitutional Court in Karlsruhe by Peter Gauweiler, a former lawmaker and opponent to Greece's EU-IMF bailout.The Karlsruhe court was not immediately available for comment, while the ECB declined to comment.A number of groups of German Euroskeptics had contested the ECB's OMT (Outright Monetary Transactions) program, unveiled in 2012, claiming it overstepped the Central Bank's mandate and was effectively a way of printing money to pay off a government's debt.
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