CLEAN : ECB primes markets for imminent QE

The transcript discusses the European Court of Justice Advocate General's opinion on the outright monetary transaction case, highlighting its significance in the preliminary ruling process. It emphasizes the readiness and legal soundness of OMT, aligning with the mandate to ensure price stability. The Governing Council's decisions are motivated by this mandate, ensuring compliance with EU law, and stressing that the end does not justify all means.

What is the significance of the Advocate General's opinion in the outright monetary transaction case?

• It is a preliminary step in the ruling process.

• It invalidates the case.

• It marks the conclusion of the case.

• It is unrelated to the case.

What is the status of OMTSR according to the transcript?

• It has been rejected.

• It is under review.

• It is ready and available.

• It is not yet available.

What conviction does the speaker express about the objects?

• They are legally unsound.

• They are incomplete.

• They are legally sound.

• They are irrelevant.

What guides the Governing Council's decisions?

• Financial gain.

• Its mandate to ensure price stability.

• Political pressure.

• Public opinion.

How does the Governing Council ensure compliance with EU law?

• By ignoring EU law.

• By always complying with EU law.

• By occasionally following EU law.

• By rewriting EU law.