Outright Monetary Transactions

So, the ECB has made its move.  OMT will buy time, but is not the solution to the eurozone's problems.

See:

http://www.telegraph.co.uk/finance/financialcrisis/9525756/Mario-Draghi-defies-Germany-with-launch-of-fully-effective-backstop-for-euro.html

Doubting voices:

http://www.telegraph.co.uk/finance/comment/9526147/Mario-Draghi-promised-a-bazooka-but-produces-a-pea-shooter.html

http://blogs.telegraph.co.uk/finance/matspersson/100019829/cheap-ecb-cash-could-prove-to-be-the-worst-form-of-bailout/

See also:

http://www.spiegel.de/international/europe/ecb-president-draghi-announces-unlimited-bond-buying-program-a-854374.html

http://www.spiegel.de/international/europe/analysis-of-ecb-announcement-to-buy-bonds-a-854481.html