Therefore, when Portugal leaves the bailout programme, it will not be able to request the OMT because it won’t be available. A – The OMT programme exists. The case was referred to the European Court of Justice, which the ECB deems to be a good decision. But independently of the court case, the instrument exists.
Q – But it is not easy to use it before the Court has reached a decision. A – I wouldn’t say that. The instrument is there. For us nothing has changed. Q – Is it possible to activate the OMT without the precautionary programme? A – No, the conditions are very clear.