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Draghi defends bond program ahead of court hearing

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FRANKFURT, Germany (AP) -- European Central Bank head Mario Draghi is defending a central bank program that has been credited with calming market turmoil over the continent's debt crisis, ahead of closely watched hearings in a court challenge to the program next week. In the text of a speech to a conference in Shanghai, China, Draghi on Monday rejected criticism of the bank's program to...

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