- OMT is limited in time, but buys time to implement reforms
- OMT and SMP are different programs in aim, set-up
- Some criticism of the OMT is legitimate
- Country need market access to qualify for OMT
- Decentralized collateral policy has to be monitored
- Return of market confidence can be deceptive
- Doesn’t see any medium term inflation risks
- Euro might have splintered had the ECB not intevened
- BUBA’s opposition to OMT created public uncertainty
Bloomberg headlines from Mersch in response to criticism from the BUBA over ECB bond purchases
