German Top Court Finds ECB's OMT Is Illegal, Then Promptly Washes Its Hands Of Final Decision | Zero Hedge

Oops! 

Tribunal constitucional alemão rejeita OMT, ou pelo menos afirma que a dita enteléquia inventada por Mário Draghi —“Within our mandate, the ECB is ready to do whatever it takes to preserve the euro”— não cabe no mandato do BCE:

“There are important reasons to assume that [the OMT] exceeds the European Central Bank’s monetary policy mandate and thus infringes the powers of the member states, and that it violates the prohibition of monetary financing of the budget,” the German court said Friday. “Subject to the interpretation by the Court of Justice of the European Union, the Federal Constitutional Court considers the OMT decision incompatible with primary law,” the German court said.

German Top Court Finds ECB's OMT Is Illegal, Then Promptly Washes Its Hands Of Final Decision | Zero Hedge

O BCE respondeu poucas horas depois ao pronunciamento do tribunal constitucional alemão reafirmando que está no seu mandato preservar a estabilidade do euro, e que para isso o OMT (Outright Monetary Transactions) é uma arma que pode e será usada usada se for preciso.

O tit-for-tat prossegue.