• Says exceptional circumstances warrant new measures.
  • Bond buys to ensure monetary transmission mechanism.
  • Says conditionality is essential for bond plan .
  • ECB will do what’s needed to ensure price stability.
  • Gov. council will decide whether to terminate purchases
  • ECB will act after other institutions approve aid.
  • ESM/EFSF MOU needs to be approved by ‘ a lot of people’.
  • Says start of bond buying plan doesn’t depend on ECB.
  • ECB Coene: Must intervene to make sure monetary policy works -MNI

Not sure if this was out earlier .