Brussels / Luxemburgo.-The OMT purchase program bonds of the European Central Bank ( ECB ) is compatible with European law, as judges ruled Tuesday Court of Justice.
The highest court of the European Union responded to a legal action brought by a group created in Germany consisting of 35,000 people, including politicians and academics, who had questioned the purchase program bonds , called Direct Currency Transaction (OMT, for its acronym in English)
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In a statement explaining the decision, the court set certain conditions, saying that safeguards must be created to ensure that the program violates the prohibition of monetary financing of governments by. central bank.
“This purchase program bonds sovereign in secondary markets does not exceed the attributions of ECB on monetary policy or violate the prohibition to provide monetary financing Member States “, he said.
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