Top German court clears ECB’s OMT scheme with minor limits

Germany’s Constitutional Court rejected on Tuesday a challenge of the European Central Bank’s emergency bond-buying scheme, placing only minor limits on the Bundesbank’s participation in the not-yet-used crisis fighting tool. Conceived at the height of Europe’s debt crisis, the Outright Monetary Transactions (OMT) programme was launched as part of ECB President Mario Draghi’s pledge to […]

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