Member of the board of the European Central Bank (ECB), Joerg Asmussen, enters the German Constitutional Court in Karlsruhe, Germany, Wednesday June 12, 2013. The top European Central Bank official has defended the bank's key crisis backstop in a second day of hearings before Germany's Federal Constitutional Court. Joerg Asmussen told the eight judges that the ECB's plan to purchase government bonds was only aimed at making sure the bank's monetary policy is effective, not at rescuing governments in the 17-country eurozone. The ECB is prohibited by treaty from financing governments. But Asmussen insisted Wednesday that the ECB had not exceeded its powers with the bond purchases program, even to spare a country from going bankrupt. (AP Photo/dpa, Uli Deck)

Associated Press
Member of the board of the European Central Bank (ECB), Joerg Asmussen, enters the German Constitutional Court in Karlsruhe, Germany, Wednesday June 12,  2013. The  top European Central Bank official has defended the bank's key crisis backstop in a second day of hearings before Germany's Federal Constitutional Court. Joerg Asmussen told the eight judges that the ECB's plan to purchase government bonds was only aimed at making sure the bank's monetary policy is effective, not at rescuing governments in the 17-country eurozone. The ECB is prohibited by treaty from financing governments. But Asmussen insisted Wednesday that the ECB had not exceeded its powers with the bond purchases program, even to spare a country from going bankrupt. (AP Photo/dpa, Uli Deck)
Member of the board of the European Central Bank (ECB), Joerg Asmussen, enters the German Constitutional Court in Karlsruhe, Germany, Wednesday June 12, 2013. The top European Central Bank official has defended the bank's key crisis backstop in a second day of hearings before Germany's Federal Constitutional Court. Joerg Asmussen told the eight judges that the ECB's plan to purchase government bonds was only aimed at making sure the bank's monetary policy is effective, not at rescuing governments in the 17-country eurozone. The ECB is prohibited by treaty from financing governments. But Asmussen insisted Wednesday that the ECB had not exceeded its powers with the bond purchases program, even to spare a country from going bankrupt. (AP Photo/dpa, Uli Deck)
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