These are the only two options for them to lower their funding costs well below the backstop level implied by the OMTs. For governments and parliaments, the ultimate driver of their actions remains employment.
It is important to recall that always and especially in the present situation, the need for governments and parliaments to reform does not stem so much from the bond market but from the dramatic conditions in the labour market. Unfortunately, millions of unemployed are a much greater driver to reform that the interest rate to be paid on sovereign debt.