Monday, February 10, 2014
Germany court removes case against bond-buying plan to European court
[JURIST] Germany's Constitutional Court [official website, in German] on Friday referred [text] the case against the European Central Bank's (ECB) [official website] bond-buying plan, called Outright Monetary Transactions (OMT), to the European Court of Justice (ECJ) [official website]. The ruling means the German court will not cut the program, which could alarm investors that rely on the plan to stabilize the Euro. The court stated:In the view of the Senate, there are important reasons to assume that it exceeds the...
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