And it’s largely a stimulus, by the way - not a bank backstop. The people screamed, and the ECB finally delivered: what they want is their nanny states funded beyond the means of the population’s ability or willingness to pay.
You don't get something for nothing
You can't have freedom for free
You won't get wise
With the sleep still in your eyes
No matter what your dreams might be
- Geddy Lee, market sage.