► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs<br /><br />European Central Bank executive board member Benoît Cœuré talks to the FT's Michael Steen and insists the Outright Monetary Transactions programme is to improve monetary policy transmission and not to subsidise member states' borrowing.<br /><br />Related Articles: <br />http://www.ft.com/intl/cms/s/0/8e902142-1c32-11e2-a63b-00144feabdc0.html<br />http://blogs.ft.com/money-supply/2012/10/23/ecbs-benoit-coeure-enough-questions-already/<br /><br />For more from the FT's Money Supply blog visit<br />http://blogs.ft.com/money-supply/2012/10/19/the-week-ahead-in-central-banking-58/
