To defend its legality in hearings before Germany’s Constitutional Court, the ECB itself has argued that the OMT program is a less potent instrument than many believe. Although the German government has been adamant that it is not a German court’s role to rule on the legality of ECB instruments, markets have taken note.
为了在德国宪法法庭听证会上辩解其合法性，欧洲央行本身指出，OMT计划的功效没有很多人想象的那样好。尽管德国政府德国政府坚称裁决欧洲央行方案的合法性绝非德国法庭的责任，但市场在拭目以待。