Illing, Gerhard; König, Philipp - In: DIW Wochenbericht 81 (2014) 24, pp. 541-554
. As the crisis worsened, especially in the southern countries of the euro area, the ECB was forced to take measures which … everything possible to save the euro as a common currency. This announcement temporarily stabilized financial markets and the … purchase government bonds of distressed countries in the euro area, if necessary, and under strict conditions. It was forced to …