European Central Bank’s Outright Monetary Transactions (OMT): The Bazooka Approach
Oct 11
/1888PressRelease/ Does the deployment of the European Central Bank’s unlimited monetary firepower to save a single currency outweigh its potential impact on the rest of the world’s economic infrastructure?
On September 6th, 2012, the Chairman of the European Central Bank, Mr. Mario Draghi, decided to use what some may call a military deployment to solve the financial crisis that is plaguing all European countries; including but not limited to Portugal, Italy, Spain, Greece and Ireland. Arguably the continent’s super powers. The Chairman undertook a strategy to buy Euro Zone’s short-term bonds in the…..
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