The ECB forcefully lessened country risks in 2012 with the announcement of unlimited Outright Monetary Transactions (OMT) and the signal sent by ECB President Mario Draghi that the ECB would do “whatever it takes” to preserve the euro.
I would like to conclude my speech by expressing our commitment to stronger cooperation with those of you who have gathered here today from the OECD and various countries around the world. Thank you for your kind attention. 2  Available only in Japanese. BIS central bankers’ speeches  3