SZ: If a country defaults on its bonds, the ECB and thus the tax payers lose a lot of money. Draghi: This is why conditionality is so important. Moreover, the Outright Monetary Transactions will focus only on the shorter term, in particular on bonds with a maturity of one to three years.
SZ: But 42% of the German population distrust you as the ECB’s President. Draghi: That is a hindrance for our work. I will have to do more to explain our actions. We will start with this interview. But you always have to weigh the options. SZ: Which are?