Search Results for: OMT bluff

President of the ECB Mario Draghi has announced that from January 2015 the ECB will publish an ‘account’ of the deliberations of Council meetings on monetary policy.  Whether and how this new step along the road to greater transparency is … Continue reading →

It’s fascinating when macroeconomics and finance becomes a matter of constitutional law, as is happening in Germany, where their constitutional court has ruled on the legality of outright monetary transactions, or OMTs.  Their justification for ruling is that the ECB’s … Continue reading →