Asmussen says ECB will release OMT legal documents ahead of any bond purchases

The European Central Bank's (ECB) Jorg Asmussen has said that thus far the ECB has seen no need to release the legal documentation for the Outright Monetary Transactions (OMT) measure.

Asmussen is speaking at a meeting of the German Constitutional Court to discuss the legality of ECB ecomic measures to test whether they violate rules about how German taxpayer money is spent.

He added that the ECB could agree "very quickly" on OMT purchases and that the act will be released ahead of any bond purchases.

German finance minister Wolfgang Schauble has said that he doesn't think that the ECB measures have overstepped the central bank's mandate.

The court's Andreas Vosskuhle opened proceedings by stating that the success of ECB's measures says nothing about their legality.