Draghi: Bond purchases are to be known as Outright Monetary Transactions (OMT), and will...


Draghi: Bond purchases are to be known as Outright Monetary Transactions (OMT), and will have "strict conditionality" attached. The first requirement will be the country submitting to a bailout from the EU rescue funds. IMF involvement will be necessary (someone tell Spain's Rajoy), but it appears only in an oversight role.
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