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One of the most controversial issues during the Eurozone crisis has been the extent to which policies aimed at resolving the crisis, such as the decision by the European Central Bank to adopt ‘Outright Monetary Transactions’ (OMT), comply with EU law. Gunnar Beck writes that the European Court of Justice has adopted outwardly ‘political’ rulings which allow for courses of action to take place which are incompatible with the EU’s treaty framework. He argues that this approach has undermined the accountability of European governance and has ensured EU law has become merely the continuation of politics by other means.
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