The omt hasn 't been activated , but its potential power created stability in the then-volatile sovereign bond markets .
事实上,OMT并未动用,但它的潜在威力给当时动荡的主权债市场打了一剂定心针。
In fact , this week a german is hearing arguments on whether the omt would violate the german constitution .
实际上,上周德国正就OMT是否违反德国宪法召开听证会。
But trouble is already building that may soon destroy the omt 's credibility .
但问题在不断加重,不久后可能破坏omt计划的可信度。
So , do they really want to make the omt look like a cheap confidence trick ?
那么他们是否真的就只是想让omt计划看起来像一场廉价的骗局?
I had expected the same to happen with the omt eventually , but not quite so fast .
其实我也预料到了omt计划会有同样的结果,但没想到会这么快。
In one way , the omt initiative is more restricted than the smp , which did not specify maturities .
从某些方面来讲,omt计划比smp更加局限,smp没有规定还本金的期限。
The notion that the omt is in itself sufficient through some magical confidence effect reminds me of what happened after the ecb began its liquidity programme last year .