OMT, principally in line with EU treaty – ECJ. Green light for Draghi & QE

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European markets opened with a lot of activity as the ECJ (European Court of Justice) prepared to give its counsel on the ECB's OMT program which was started in 2012. Although the program never really kicked off, the outcome was important in terms of the legalities involved in purchasing bonds. In the runup to the ruling, the Euro was noticeably volatility which was further fuelled by snap comm...

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