Home euro-exit The Center of the Universe » ECB Draghi – “OMT is meant to keep sovereign yields just under panic levels”

Draghi – “OMT is meant to keep sovereign yields just under panic levels”

The Center of the Universe » ECB 2013-08-11

‘OMTs are designed to keep government bond yields just below ‘panic’ levels, as previously defined, not to bring them down to levels that would somehow help government solvency.’

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