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ECB Bond Purchases: the ECJ Reference as an Oasis in the Desert

For the first time ever, the German Constitutional Court has asked the Court of Justice for a preliminary ruling on the compatibility with the EU Treaties of the ECB’s OMT programme, which the German court considers to fall foul of the German constitution. Daniel Thym is among the first legal commentators to explain his position in English and in German on both the Verfassungsblog and EUtopiaLaw.