Even crazier, the criteria for which bonds to buy heavily favor German corporations. At this point the Euro system has become a system to shovel wealth from the

Even crazier, the criteria for which bonds to buy heavily favor German corporations. At this point the Euro system has become a system to shovel wealth from the periphery to the center at gunpoint. IMO next step of the ECB will be equity buying, again Central European equity most likely. After that, only People QE is left (which they should have done first), but I don't think their ideology will allow that.