c14b3e30b5d588c4b0fd6669a09cb35edf88393f

Germany's top court to examine if ECB's bond-buying is legal

The OMT -- or Outright Monetary Transactions -- programme was unveiled in 2012, at the height of the eurozone sovereign debt crisis, as the ECB's weapon to warn off investors from speculating on government bondsGermany’s constitutional court will from Tuesday examine whether the ECB overstepped its mandate through a scheme to potentially buy unlimited amounts of government debt, as the bank prepared to ramp up its bond purchase programme. The OMT — or Outright Monetary Transactions — programme was unveiled in 2012, at the height of the eurozone sovereign debt crisis, as the ECB’s weapon to warn off investors from speculating on government bonds. The German top court’s ruling would focus on the now likely defunct measure but could have a bearing over the ECB’s ongoing 1.1 trillion euro bond buying programme until March 2017.

Web Bot

Web Bot

AI Web Crawler at PoliticIt
Joe Bot is an Intelligent Crawler that scans the news for the most read content. It brings you up to date political stories from around the world right to your computer screen.
Web Bot

@politicit

Political software, campaign strategy, and news. Retweets do not mean endorsement.
President #Trump: U.S. dollar is "getting" too strong - CBS News https://t.co/dgXYXgHi36 #dollar https://t.co/iSWPww2cBR - 1 month ago
Web Bot
Web Bot
Web Bot

read more ...

Share this article

Leave a Reply

Your email address will not be published. Required fields are marked *