The Traderszone Network

Published in TZ Latest News 14 January, 2015 by The TZ Newswire Staff

European Top Court Finds ECB’s OMT "May Be Legal" But Must Meet Conditions

Almost a year ago, the German top court found that ECB’s OMT is “illegal”, then promptly washed its hands of the final decision, and kicking the ball in the court of the European Court of Justice. Moments ago, the Advocate General Pedro Cruz Villalon of the EU Court of Justice in Luxembourg delivered the non-binding opinion on issue of Mario Draghi’s “unconditional” OMT. Here are the details from Reuters and Bloomberg:

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