login
login

Europe Daily Bulletin No. 11577

22 June 2016
ECONOMY - FINANCE / (ae) ecb
Karlsruhe Court finds OMT programme complies with treaties

Brussels, 21/06/2016 (Agence Europe) - On Tuesday 21 June, the German Constitutional Court rejected an appeal brought against the OMT programme for the mass buyback of public securities announced by the ECB in 2012, but which has not yet been used.

The Karlsruhe-based Court decided that the Bundesbank could participate in a programme of this kind for the buyback of bonds as long as these are limited in volume and not announced in advance.

The 'outright monetary transactions' programme is...

Contents

ECONOMY - FINANCE
SECTORAL POLICIES
EXTERNAL ACTION
COURT OF JUSTICE OF THE EU
NEWS BRIEFS