But if conditions changed and the need to further increase liquidity emerged, I would see no reason why such an instrument, tailor made for the specific characteristics of the euro area, should not be used.

FORBES: Don't Rule Out Quantitative Easing: Top ECB Official

For this reason, the OAS can serve a critical role as an instrument for concerted regional inquiry and action.

CENTERFORSECURITYPOLICY: Two thumbs down for Insulza and the OAS