http://www.nytimes.com/2012/02/27/business/global/27iht-ecb27.html
The European Central bank is still struggling with creating a plan to sucessfully pull the Eurozone out of its current financial and credit crisis. How do we get more money to countries that are already heavy in debt? I don't know but, "this week the bank will offer a second installment of the three-year loans. After the first injection of cash helped reopen bank financing markets in Europe and bolster stock and bond markets around the world, there is intense interest in how much money banks will borrow, and what the effect will be." These cash injections are for private banks that do not have enough capital to accommodate the market demand. If there is a lot of borrowing then this means banks are willing to take the money and hunker down. There is already easier money to borrow out there without the restrictions attached to this money; this is only a "tweak" in current monetary policy. If banks borrow a lot now it would be bad for the markets some experts say.
To be honest, I have read a lot about the European Debt crisis but apparently it is not enough because I am never quite positive on the end goal or the macro approach of the ECU. I hope others have had more cognitive success
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