of acts of an organ of the EU in principle is not the task of the GFCC. As justification for this procedure the court … preliminary rulings on several questions of EU law. In substance, the German court assessed OMT as an act of economic policy which … is not covered by the competences of the ECB. Furthermore, it judged OMT as a - by EU primary law - prohibited monetary …

The Treaty of Maastricht imposed the strict obligation on the European Union (EU) to establish an economic and monetary … integral part of the EU. The single currency was to become the currency of the EU and to be the legal tender in all Member … States unless an exemption was explicitly granted in the primary law of the EU, as in the case of the UK and Denmark. The …