The German constitutional court on Tuesday (21 June) ruled that a European Central Bank (ECB) bond-buying programme was not against German law.
The ECB's Outright Monetary Transactions (OMT) had been brought to the court by over 35,000 plaintiffs who said it was out of the ECB's mandate and deprived the Bundestag, the German parliament of its right to have its say on eurozone financial matters.
OMT, which has never been used, allows the ECB to buy eurozone state bonds on markets t...
Back our independent journalism by becoming a supporting member
Already a member? Login here