ECB to launch second wave of euro 'quantitative easing'
From
"The ECB's December move to provide massively greater liquidity to the banking system was the single most important thing to happen in the eurozone last year," said Simon Tilford, chief economist at the CER. "This has bought time by easing the pressures on the banks, who in turn have bought more government debt – at least in Italy and Spain – than had looked likely."