Besides provoking a heated public debate, OMTs were scrutinized by the German Constitutional Court, which applied to the European Court of Justice for a judgment as to their legitimacy.
It is our clear intention to purchase private and public sector securities of EUR 60 billion per month on average until the end of September 2016 and, in any case, until we see a sustained adjustment in the path of inflation that is consistent with our aim of achieving inflation rates below, but close to, 2% over the medium term.