The Court of Justice of the European Union gave its opinion yesterday in Gauweiler and Others (Case C-62/14). A summary of the decision is available here (pdf). The court held that the so-called OMT Programme, which provided for the purchase of government bonds on secondary markets by the European System of Central Banks, was compatible with European Union Law.
Wednesday, 17 June 2015
Europe: OMT Programme compatible with EU Law
The Court of Justice of the European Union gave its opinion yesterday in Gauweiler and Others (Case C-62/14). A summary of the decision is available here (pdf). The court held that the so-called OMT Programme, which provided for the purchase of government bonds on secondary markets by the European System of Central Banks, was compatible with European Union Law.
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