Posts tagged ‘Outright Monetary Transactions’

The OMT and Europe’s Five Options – Actually, Only Two – For Addressing Their Debt Problems

Last September, you may recall, the European Central Bank (ECB) announced their new bond-purchase plan, Outright Monetary Transactions, or OMT. What’s interesting is that the OMT hasn’t purchased a single bond, and yet Spanish and Italian bond yields have fallen a few hundred basis points since…

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Pluck of the Irish – A Comeback Story in the Making?

It used to be that Ireland had a bit of an image problem, perhaps not with the rest of the world, but with itself. Irish playwright George Bernard Shaw said, “I showed my appreciation of my native land in the usual Irish way by getting out of it as soon as I possibly could.” For much of the…

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