Ad
The EU's top court has thrown out a German legal challenge to the European Central Bank's bond-buying scheme aimed at protecting the euro

EU court rejects challenge to ECB bond plan

The European Central Bank’s flag-ship bond-buying scheme, which was widely credited with staving off the eurozone debt crisis in 2012, is in line with the EU treaties, the bloc’s top court has said.

In a ruling on Tuesday (16 June), the European Court of Justice threw out a German legal challenge to the bank’s Outright Monetary Transactions (OMT) programme, which it said “falls within monetary policy and therefore within the powers of the ESCB”.

ECB boss Mario Draghi announced the...

Get EU news that matters

Back our independent journalism by becoming a supporting member

Already a member? Login here

Author Bio

Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.

The EU's top court has thrown out a German legal challenge to the European Central Bank's bond-buying scheme aimed at protecting the euro

Tags

Author Bio

Benjamin Fox is a seasoned reporter and editor, previously working for fellow Brussels publication Euractiv. His reporting has also been published in the Guardian, the East African, Euractiv, Private Eye and Africa Confidential, among others. He heads up the AU-EU section at EUobserver, based in Nairobi, Kenya.

Ad

Related articles

Ad
Ad