To: The Right Honourable Bundesbank President Dr. Jens Weidmann From: Athinarayanan Sanjeevraja Date: October 18, 2013 RE: ECB’s OMT Programme Suggestion: Good Morning Mr. President. Let me start by paying my respects to you and through you to. First up all, I would like to congratulate you carry out your duty best as a Bundesbank President. As a Bundesbank President you are correct, the causes of the euro crisis lie in the high level of indebtedness and the lack of competitiveness of some member states. Now, eurozone government spending is being reduced and reforms are being introduced across southern Europe but the European financial markets don’t seem to recognise this progress and are pushing up the interest rates on sovereign bonds to elevate. Mr. President, you argued that the OMT programme of the ECB is illegal due to the fact that it would make German tax payers liable for paying taxes to cover potential losses made by the ECB. In my opinion, Germ...