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102   ^aPT
200 1 ^aLeading the way through^ethe role of the european central bank as pendulum, shield and supervisor of the euro area^fÁlvaro Silveira de Meneses
320   ^aBibliografia pág. 150-152
330   ^aIn 2012, in a conference in London, Mário Draghi claimed "the ECB is ready to do whatever it takes to preserve the euro. Believe me, it will be enough", as he announced the Bank was ready to intervene by entering the market and steadily buying sovereign bonds. The "whatever it takes" policy was a drastic shift in ECB policy, thus bringing measures with sizable results, such as the Outright Monetary Transactions Program. However, questions were asked and complex policy options were at stake, namely in what concerns the dynamics and interaction of several European Institutions and the Member States. This article presents the major issues that surrounded the introduction of the Outright Monetary Transactions Program and gives an overview of the European Court of Justice’s decision that backed the unconventional use of powers by the European Central Bank, defending an important tool in safeguarding the stability of the Eurozone
461  1^tRevista de concorrência e regulação^cCoimbra^bAlmedina^vA. 8, n.º 29 (jan.-mar. 2017)^pp. 139-152
606   ^aDireito comunitário
606   ^aBanco Central Europeu
606   ^aSupervisão
700  1^aMeneses,^bÁlvaro Silveira de
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