This is the only way we can create the basis for shared responsibility and solidarity in EMU. This leads me to my third point: if we are to strengthen responsibility and solidarity in EMU, we need a strong political dimension to accompany financial, economic and fiscal integration. 3.
In announcing our yield target, the Bank indicated that we are prepared to buy bonds in the secondary market in whatever quantity was needed to achieve the target. To date, overall bond purchases have totalled around $ billion, with most of these bonds bought in March and April.