ECB Quantitative Easing, Part 2 - Banks can access up to 1 Trillion Euros

[sasguru]

...However this is de-stabilising the Euro economy, since it is the financial institutions in the PIIGS that are talking most of the money.
If (when?) a country like Greece defaults, the ECB will be left high and dry.
Madness. Makes British QE look like a measured and sane response

http://www.spiegel.de/international/...817730,00.html

[BrilloPad]

They are buying time in the hope a solution will come along. But they are making matters worse.

The sooner a Euro-member electorate vote in an anti Euro government the better. Will it be France? Greece?