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...