The Outright Monetary Transactions announced by the head of the European Central Bank, Mario Draghi, have been quite successful in lowering borrowing rates for Europe’s periphery countries. Spain’s 10-year treasury is down from a peak of 7.64% in July 2012 to 3.08% in April 2014.Draghi has continued his rhetoric on lending countries ‘whatever it takes’, and he has even considered making the European Central Bank deposit rate negative to spur investment and inflation.41 The European Central Bank seems committed to providing countries with the proper access to capital while making sure banks are properly capitalized to reduce the chances of another crisis