Volker Wieland sees prohibition of monetary financing as fundamentally weakened before OMT hearing ("FAZ")
In June 2015, the European Court of Justice (ECJ) decided that the OMT program was consistent with the ECB's mandate. After this preliminary ruling, the judges in Karlsruhe are taking up the oral hearing again.
In a new study of the Kronberg Circle, which is quoted by the "Frankfurter Allgemeine Zeitung", the six economists warn that the prohibiton of monetary financing is fundamentally weakened in its relevance for the monetary union by the ruling of the ECJ.
FAZ: "Karlsruhe verhandelt über das EZB-Notprogramm"
Kronberger Kreis: "Das entgrenzte Mandat der EZB - Das OMT-Urteil und seine Folgen" (PDF)
Federal Court of Justice: Press Release