The title comes from this excellent post:
http://www.bbc.co.uk/news/business-17202429
More on the ECB loans:
http://www.telegraph.co.uk/finance/financialcrisis/9113077/European-banks-tap-ECB-for-record-529.5bn.html
http://www.telegraph.co.uk/finance/financialcrisis/9113175/European-Central-Banks-cheap-money-has-just-turned-toxic-banks-into-zombie-banks.html
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/9114430/ECBs-Mario-Draghi-raises-the-stakes-with-trillion-euro-gamble.html
http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100015335/draghi-bazooka-has-not-yet-stopped-club-med-money-collapse/
Above has a link to this:
http://www.moneymovesmarkets.com/journal/2012/2/27/eurozone-money-numbers-peripheral-m1-contraction-accelerates.html
More on the Ireland referendum and potential consequences:
http://www.spiegel.de/international/europe/0,1518,818313,00.html
http://www.telegraph.co.uk/finance/comment/damianreece/9112120/Ireland-is-getting-a-choice-which-is-more-than-other-eurozone-states.html
Finally, a look at Mrs Merkel's problems:
http://www.spiegel.de/international/europe/0,1518,818378,00.html
http://www.telegraph.co.uk/finance/financialcrisis/9114060/German-finance-minister-Wolfgang-Schaeuble-rejects-talk-of-bail-out-fund-at-EU-summit.html
UPDATE 1st March 2012
A negative German view on the ECB liquidity initiative:
http://www.spiegel.de/international/europe/0,1518,818615,00.html
See also: http://www.telegraph.co.uk/news/worldnews/europe/eu/9115590/Euroland-will-pay-for-this-monetary-madness.html
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