Instead of stimulating politicians to solve the underlying causes of this crisis, the SMP discouraged them to do so. To remedy this situation, the ECB recently replaced the SMP with a new instrument for secondary market interventions: Outright Monetary Transactions or OMTs. The great advantage of OMTs is that they come with strict conditionality for the countries involved.
This is meant to ensure that these countries cannot slow down their efforts after ECB interventions have eased market pressure. The ECB will only intervene in euro countries committed to and complying with the structural economic adjustment programme attached to support from either EFS or ESM, and the IMF.