24/10/2012 (Agence Europe) - Mario Draghi defends debt repurchasing. The president of the European Central Bank (ECB), Mario Draghi, has declared that the Outright Monetary Transactions programme (OMT), which will enable the ECB to repurchase public debt, will not have inflationary repercussions. In a speech at the Bundestag he explained to German MPs that, “we have devised our operations so that their effect is neutral on monetary conditions”. Intervention will be specifically devised...