ECB's 'Whatever It Takes' May Be Too Much for German Top Court
- ECB's OMT bond-buying program returns to German top tribunal
- Case exposes German judges' struggles with EU rulings
The Search For Clues on Draghi Stimulus Begins
This article is for subscribers only.
Germany’s top judges this week will once again ask whether Mario Draghi’s 2012 promise to do “whatever it takes” to save the euro can exist alongside the nation’s constitution.
Eight months after the region’s highest court backed European Central Bank president Draghi’s bond-buying program, the Federal Constitutional Court will again hear arguments over Germany’s role in the Outright Monetary Transactions program, or OMT.