Germany's Federal Constitutional Court has started a two-day hearing today over the compatibility of the ECB's Outright Monetary Transactions (OMT) program, which allows the bank to buy government bonds in the secondary market, with German law. Lining up against the ECB is Bundesbank chief Jens Weidmann. As with its previous decisions regarding the eurozone, the court is expected to rule for the OMT but attach some strings.
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