Brussels, 14/01/2015 (Agence Europe) - The European Central Bank's outright monetary transactions (OMT) programme provides for the purchase of bonds of eurozone member states which are receiving financial assistance, is compatible, in principle, with the Treaty on the Functioning of the European Union (TFEU), concluded the Advocate General to the Court of Justice of the EU on Wednesday 14 January (case C-62/14).
Pedro Cruz Villalon found the programme to be appropriate, necessary and...