Advocate General Cruz Villalón, in an opinion for the Court of Justice of the European Union in case C‑62/14, has advised that the European Central Bank's Outright Monetary Transaction programme is compatible, in principle, with EU law: see here. A summary of the opinion, which is not binding on the court, is available here (pdf).
Wednesday, 14 January 2015
Europe: Advocate General finds ECB OMT programme compatible with EU law
Advocate General Cruz Villalón, in an opinion for the Court of Justice of the European Union in case C‑62/14, has advised that the European Central Bank's Outright Monetary Transaction programme is compatible, in principle, with EU law: see here. A summary of the opinion, which is not binding on the court, is available here (pdf).
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