The most important condition was that the purchases would only concentrate on government bonds of countries that had signed an economic adjustment programme monitored by the IMF, EU  BIS central bankers’ speeches  7  and the ECB and that, according to the ECB’s independent assessment, also adhered to the programme.
The OMT programme has so far fulfilled its purpose well, as it were: it has considerably calmed the markets, even though there has been no need to activate the programme.