ECB ASMUSSEN: Risks stemming from OMT as small as possible

Market news

14 November 2012

ECB ASMUSSEN: Risks stemming from OMT as small as possible

- OMT risks must be weighed against risk of inaction

- ECB would halt OMT if country failed conditionality

- Faulty mon pol transmission mechanism threatens price stability

- ECB will not lose focus on price stability goal

- Continued fiscal consolidation in EMU is essential

Gold rose

European stocks closed in minus: FTSE 100 5,722.01 -64.24 -1.11%, CAC 40 3,400.02 -30.58 -0.89%, DAX 7,101.92 -67.20 -0.94%

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