European leaders have claimed the currency zone has moved out of crisis umpteen times in the past, only to be proven wrong later. The situation can be compared to a volcano that has lied dormant for a while only to become active all of a sudden, says Michael Hewson of CMC Markets. About a year ago European Central Bank President …
Is IMF Involvement Required For OMT To Kick In?
There has much debate if and when Spain would request for a full-fledged bailout from the European Central Bank. There’s not much clarity on the International Monetary Fund’s role in the whole process. For the ECB to officially start the Outright Monetary Transaction (OMT, which is synonymous with the bank’s unlimited bond buying program from the secondary markets) for a …