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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