Although its pledge last August to purchase unlimitedquantities of short-term government debt has calmed markets,activation of the ECB’s “outright monetary transactions” program isconditional on continued fiscal retrenchment.
A pesar de que su promesa realizada en agosto pasado decomprar cantidades ilimitadas de deuda pública a corto plazo calmólos mercados, la activación del programa de “transaccionesmonetarias directas” [“outright monetary transactions” program] delBCE está supeditada al continuo ajuste fiscal.