Commodity Trade Mantra
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Posts Tagged ‘OMT Program’

German Top Court Finds ECB's OMT Is Illegal

The German Constitutional court said that, in its judgment, the ECB’s Outright Monetary Transactions (OMT) program (conceived in July 2012 to prevent the collapse of the Eurozone and yet non-existent, but still only existing in Mario Draghi’s head) likely exceeded the central bank’s powers.

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