ECB head Mario Draghi, who spoke today at an event titled “A Strong Europe – A Bright Future for Germany” organised by the Economic Council Germany in Berlin, assured that the central bank had no intention of tightening the monetary policy just yet. “The overall economic outlook still warrants an accommodative stance, the exit from which by the way is still distant since inflation is low and unemployment (is) high,” Draghi emphasized. Furthermore, the ECB president defended the central bank's OMT (Outright Monetary Transactions) program, suggesting that it had become even more important in the light of the increased uncertainty on financial markets. He reminded that the bond-buying scheme helped lower bond yields in the Eurozone.