German Constitutional Court rules in favour of ECB programme
Germany’s Federal Constitutional Court rules ECB may undertake outright monetary transactions but sets strict conditions
Germany's Federal Constitutional Court ruled today (June 21) that the European Central Bank (ECB) could conduct its outright monetary transactions (OMT) programme without going against the German constitution.
The Constitutional Court ruled that the ECB could only do so, however, if it adhered to six conditions set down by another German legal tribunal, the Court of Justice.
The Constitutional Court also expressed a number of reservations about earlier legal rulings on OMT. The thinking behind
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