FRANKFURT, April 26 The European Central Bank
might never have to actually buy bonds through its bond-buying
programme, Governing Council member George Provopoulos was
quoted as saying on Friday.
The programme - dubbed Outright Monetary Transactions, or
OMT - is credited with calming market fears of the break-up of
the common currency area. The ECB unveiled it in September, but
it has not been used so far.
"Given that in the last few months we have had a kind of
stabilisation, normalization, maybe it will never be used,"
Provopoulos told news agency Bloomberg in an interview.
"OMT has helped enormously. It is a good thing that we have
decided to go ahead with that, just in case it would be needed."
Provopoulos, who is also central bank governor of Greece,
also said that the Greek economy is likely to pick up by the
middle of next year or sooner.