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European Central Bank’s Outright Monetary Transactions (OMT): The Bazooka Approach

European Central Bank’s Outright Monetary Transactions (OMT): The Bazooka Approach

Submitted by • October 11, 2012 www.1888pressrelease.com

1888PressRelease - 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.

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