Under the OMT, the ECB pledged to purchase government bonds of peripheral Eurozone nations in unlimited quantities on the secondary market to keep borrowing costs down, so long as the debtor nations first applied for assistance from the European Stability Mechanism (ESM) and agreed to the attendantconditions.
Such a Council is essential if the non-communists are to have a chance to obtain the attendant political benefits as conditions are seen to improve thanks to peace-keeping and reconstruction efforts during the period prior to when local and national elections are held.