France's European Affairs Minister Bernard Cazeneuve has praised the European Central Bank for agreeing to launch a new bond-buying programme, saying the decision proved its commitment to support the euro currency.
"The ECB's decisions are encouraging and show a coherent line with the European summit at the end of June.
"This shows a will to maintain the euro zone's integrity, to support the euro." he said.
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.