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SSASovereigns

ECB's route to bond buying eased as ECJ adviser clears OMT

European Court of Justice 230x150

The skies were clear for the doves of the European Central Bank to launch a sovereign quantitative easing programme, after the European Court of Justice's advocate-general said on Wednesday morning that the central bank’s earlier attempt to shore up the currency bloc’s financial system — via Outright Monetary Transactions — was compatible with European Union law.

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