Nyhetslänkar Euro’s fate is now in Germany’s hands 2014-02-132014-02-13 PB 0 kommentarer EURO, OMT SYDNEY (MarketWatch) — The German Constitutional Court’s ruling earlier this month on the legality of Europe’s bond-buying program will have a much bigger effect on the euro and the euro-zone crisis than is being assumed. Announced in 2012, the OMT (“Outright Monetary Transactions”) allows the European Central Bank to make unlimited purchases of government bonds issued by euro-zone members under specified conditions, providing funding and lowering borrowing costs. In conjunction with the austerity plan to reduce budget deficits and public debt and the banking union, the OMT has underpinned the relative stability of European financial markets over the last 18 months. Euro’s fate is now in Germany’s hands – Outside the Box – MarketWatch.
