In the weakest of the three, by contrast, the ECB has no intention of boosting growth through quantitative easing or interest-rate pre-commitments. On the contrary, the ECB is adamant that the only aim of its “outright monetary transactions” (OMT) program, which will buy distressed eurozone members’ government paper, conditional on agreed reforms, is to contain the currency-redenomination risk that contributes to elevated interest rates in southern European economies.