nam 22 uu 4500 10.17176/20170207-150625 DE-Verfassungsblog cr||||| 150116s2015||||xx#|||||o|||| ||| 0|ger|| 10.17176/20170207-150625 doi ger 342 23 Amtenbrink, Fabian Author aut Outright Monetary Transactions before the ECJ: In search of the ‘golden mean’ Amtenbrink, Fabian Verfassungsblog 2015-01-16 Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier In its preliminary ruling on the the ‘Outright Monetary Transactions’ programme of the ECB, the ECJ will have to find the ‘golden mean’. On the one hand, it is improbable that the European judges will risk a constitutional conflict with the highest German court by given their unqualified approval of the OMT. On the other hand, not only the unlikely rejection of the OMT in its entirety, but also the imposition of limits on the overall amount of purchases of government bonds could compromise the success of the mere announcement of the OMT in calming the markets and, moreover, provoke a resurgence of the Euro area financial and debt crisis. Arguably the dilemmas this involves are reflected in the opinion on this case by Advocate General Cruz Villalón. funded by the government CC BY-NC-ND 4.0 Max Steinbeis Verfassungsblog gGmbH Verfassungsblog 2366-7044 https://staging.verfassungsblog.de/outright-monetary-transactions-ecj-search-golden-mean/ raw object