European Central Bank president Mario Draghi
Media playback is unsupported on your device

Mario Draghi: OMTs have alleviated tension

4 October 2012 Last updated at 15:16 BST

European Central Bank (ECB) president Mario Draghi said the announcement of a bond-buying plan aimed at easing the eurozone's debt crisis had helped ease tensions on the financial markets.

Mr Draghi said the ECB was now ready to offer Outright Monetary Transactions (OMTs) if a struggling country applied for them.