Hence also on this count, OMT does not correspond to the harmful scenario that motivated the monetary financing prohibition; a scenario, in which the very purpose of central bank intervention is to reduce yields below the fundamentally justified level so as to preserve debt sustainability despite weak policy performance.
The aim of OMTs is the exact opposite: a deterioration of fundamentals would induce the ECB to lower or even stop OMT intervention. OMTs would only aim at that portion of bond yield spreads that are not fundamentally justified and based on undue risks of a euro area break up.