ECB chief Mario Draghi has said that the bank will publish weekly and monthly information on the bond purchases.
He also said that the announcement will give, "an effective backstop to remove risk from the euro area, but the ECB will retain it's independence throughout."
He added that; "we have given a framework to government, defined in broad lines, but it is up to the governments themselves to decide the precise shape."
Mario Draghi has proposed a means of tackling the immediate problem in Europe but it’s up to politicians to come up with long term solutions
It is not the ‘big bazooka’ that David Cameron has been urging them to unleash, but it’s the heaviest calibre ammunition deployed so far.