即使德国央行对 “直接货币交易”计划更多关注各国偿付能力，而非流动性风险 — — 从而可以建立一个秘密的财政联盟 — — 表示强烈（也是正确地）反对，但令政府欣慰的是，负责评估方案合法性的德国宪法法院最终把责任推给了欧洲法院。
Even as Germany’s Bundesbank fiercely (and rightly) opposed the OMT program for its focus on countries’ solvency, rather than liquidity risk – thus creating a backdoor fiscal union – the government was relieved that the German Constitutional Court, assessing the scheme’s legality, ultimately passed the buck to the European Court of Justice.