Mario Draghi has coined a new financial acronym: OMT. It stands for Outright Monetary Transactions, and it’s the name of the ECB plan he unveiled last week. Essentially, the plan is to buy an ...

During OMT, also known as osteopathic manipulative medicine (OMM), a D.O. moves a patient's muscles and joints, with techniques that include stretching, gentle pressure, and resistance.

Germany's Constitutional Court in Karlsruhe has issued a closely watched ruling on the legality of the ECB's program of Outright Monetary Transactions (OMT). It said the bond-buying instrument did ...

OMT is the program put in place by the ECB following Mario Draghi’s vow in the summer of 2012 that the ECB was “ready to do whatever it takes to preserve the euro.” Under this program, the ...

That the OMT would be ex ante unlimited, meanwhile, was the whole point of its magic: it is a very difficult commitment for the market to test, ex ante, by the same token.