Germany's top court rules in favour of ECB crisis-fighting tool
Germany's top court rules in favour of ECB crisis-fighting tool
Karlsruhe (Germany) - Arab Today
Germany's top court ruled Tuesday that a key crisis fighting tool of the European Central Bank complies with German national law, throwing out objections by a group of eurosceptics.
The constitutional court ruled that the ECB's 2012 bond-buying plan called Outright Monetary Transactions (OMT) complies with German law.
OMT -- though never actually used -- was part of ECB's President Mario Draghi's landmark promise to do "whatever it takes" to save the battered euro at the height of the crisis in 2012.
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Davos - Muslimchronicle
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Brussels - Muslimchronicle
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Sanaa - Muslimchronicle
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Paris - Muslimchronicle
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opened Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led his
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