Tag: Outright Monetary Transactions Programme
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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.