The ECB will wait for the decision of the European Court of Justice in “all humility and calm”. And like him, I am very optimistic that the interaction between the ECB and the Court of Justice will lead to “a good result”. Until then, we are not limited in our actions.
In February, the Federal Constitutional Court submitted questions of a legal nature about the OMTs to the Court of Justice for a preliminary ruling. However, the Constitutional Court reserves the right to decide on the compatibility of OMTs with Germany’s constitution.