#Draghi says OMT will be focused on 1-3 year bonds, no quantitative limit on size of bond buys
#Draghi on OMT – strict and effective conditionality required, full EFSF or precautionary programme
#Euro taken a hit, down half a cent since #Draghi began
Phew! #Junker says there was “no trouble” at #ECB meeting
Orchestral Manoeuvres in the Tower #ECB #Draghi
#Draghi to unveil details of “OMT” in separate press release
#Draghi announces “monetary outright transactions” programme, says will apply to secondary market
BERLIN/PARIS (Reuters) – In the lush gardens of the Elysee Palace in Paris, the seeds of a new Europe may have taken root. It was there, hidden away from EU summits and photocalls, that French President Francois Hollande and German Chancellor Angela Merkel began to forge a closer relationship than many expected.
On June 27, the two leaders met privately in Paris and, after weeks of public tension preceding Hollande’s May 6 election, had a lengthy one-on-one discussion, French officials said.