# ECB announces Outright Monetary Transactions

Date: 2012

On 6 September 2012 the Governing Council announced OMT, conditional sovereign-bond purchases in secondary markets. Germany later litigated. OMT was never used. The announcement is a completed monetary-policy act.

## People

- Mario Draghi: https://factrail.ai/people/mario-draghi

## Drivers

- Public-Debt Sustainability: https://factrail.ai/drivers/public-debt-sustainability

## Sources

- https://www.reuters.com/article/us-ecb-omts-idUSBRE8850I020120906/
- https://www.ecb.europa.eu/press/pr/date/2012/html/pr120906_1.en.html

## Methodology

https://factrail.ai/methodology

Canonical: https://factrail.ai/facts/ecb-omt-2012