The Court of Justice of the European Union has, on the basis of the facts provided by you, responded to the questions submitted to it for a preliminary ruling.
The Court of Justice of the European Union, which is competent under the Treaties to interpret Union law and the validity of the acts of the Union’s institutions, including the European Central Bank, found OMTs to be compatible with Union law: The European Central Bank did not exceed its monetary policy mandate either as regards the conditionality, the selectivity or the parallelism of OMTs nor as a circumvention of the limits and conditions laid down by the assistance programmes of the European Stability Mechanism – the so-called ESM.