- Tue Jun 11, 2013 6:33 pm #317513
The what? This is what's on trial.Laura Kuenssberg @ITVLauraK
Court considering whether Euro Central Bank's massive pumping of cash into battered eurozone banks was legal or not - if not, chaos beckons
Outright Monetary Transactions ("OMT") is a program of the European Central Bank under which the bank makes purchases ("outright transactions") in secondary, sovereign bond markets, under certain conditions, of bonds issued by Eurozone member-states.