About: Outright Monetary Transactions (OMT)

Economic governance 30-08-2017

Germany warned against eurozone reform complacency ahead of election

The political will to keep the eurozone together is eroding inexorably, warns Leo Hoffmann-Axthelm from Transparency International. In an interview, he reminds German politicians about their responsibility in the eurozone crisis, calling for vital governance reforms to be adopted after the September election.
Euro & Finance 19-07-2016

German and French firms take biggest share of ECB credit splurge

The European Central Bank snapped up debt of blue-chip names such as BMW, Sanofi and BASF as Germany and France accounted for the lion's share of its first batch of corporate bond purchases.
Brexit 21-06-2016

Draghi’s ECB ‘ready for all contingencies’ after Brexit referendum

European Central Bank President Mario Draghi said on Tuesday (21 June) that the ECB is ready for every scenario after Britain's referendum on EU membership, but warned that liquidity was vital to prevent investor panic after a vote for Brexit.
Mario Draghi
Euro & Finance 17-02-2016

ECB again defends bond-buying programme in Germany’s top court

The European Central Bank defended its never-used scheme to potentially buy unlimited amounts of government debt in Germany's highest court on Tuesday (16 February), insisting that such a programme did not overstep its mandate.
The European Court of Justice in Brussels [Cédric Puisney]

German Eurosceptics bullish as ECB court case opens

A complaint filed against the European Central Bank over its unlimited bond-buying programme known as OMT was up for debate in the European Court of Justice on Tuesday (14 October), with German Eurosceptic complainants issuing harsh criticism of the ECB's strategy to combat the debt crisis. EURACTIV Germany reports.
Euro & Finance 11-02-2014

Top German court refers ECB bond-buying case to EU judges

German judges have asked the European Court of Justice (ECJ) to rule whether the European Central Bank's (ECB) bond-buying programme has violated EU law by promising unlimited buying of sovereign debt for eurozone countries on the brink of bankruptcy, EURACTIV Germany reports.
Euro & Finance 11-06-2013

ECB to defend bond-buying plan in German courtroom duel

The European Central Bank will defend its bond-buying programme in a German court this week against charges it is really an illegal scheme to fund euro zone members through the back door.