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Home Posts tagged "Outright Monetary Transactions Programme"

An End to European Multilateralism: A Comment on the German Bundesverfassungsgericht’s OMT Decision

—Dr. Oliver Gerstenberg, University of Leeds When it comes to adjudicating the European sovereign debt crisis, the German Bundesverfassungsgericht (BVG) emerges as a sharply divided court. Back in August 2012, Mario Draghi pledged to do “whatever it takes” to prevent a single currency break-up. His words were followed by the Outright Monetary Transactions Programme (OMT),

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Published on February 19, 2014
Author:          Filed under: Analysis