As of 18 June 2012, the ECB in total had spent €212.1bn (equal to 2.2% of the Eurozone GDP) for bond purchases covering outright debt, as part of its Securities Markets Programme (SMP) running since May 2010. On 6 September 2012, the ECB announced a new plan for buying bonds from eurozone countries. The duration of the previous SMP was temporary, while the Outright Monetary Transactions (OMT) programme has no ex-ante time or size limit. On 4 September 2014, the bank went further by announcing it would buy bonds and other debt instruments primarily from banks in a bid to boost the availability of credit for businesses.
As of 18 June 2012 , the ECB in total had spent € 212.1bn ( equal to 2.2 % of the Eurozone GDP ) for bond purchases covering outright debt , as part of its Securities Markets Programme ( SMP ) running since May 2010 . On 6 September 2012 , the ECB announced a new plan for buying bonds from eurozone countries . The duration of the previous SMP was temporary , while the Outright Monetary Transactions ( OMT ) programme has no ex - ante time or size limit . On 4 September 2014 , the bank went further by announcing it would buy bonds and other debt instruments primarily from banks in a bid to boost the availability of credit for businesses .
When was the new idea for the purchasing of eurozone bonds announced?
When was the new idea for the purchasing of eurozone bonds announced ?
6 September 2012
6 September 2012