However, when Mario Draghi reflected on the impact of the OMT programme on the real economy during a speech in November 2014, he noted that “[T]hese positive developments in the financial sphere have not transferred fully into the economic sphere. The economic situation in the euro area remains difficult.
In other words, ensuring good governance is never-ending; it is always a work in progress. BIS central bankers’ speeches  1  Ladies and gentlemen. The strategic nature of corporate governance has tactical elements which are inherently actionable.