- Today’s action was oriented toward credit easing but we will also buy assets outright
- Draghi: We would have loved to give you a figure but at this stage but it’s difficult to do
- Some of the numbers we discussed even leaked out (this was 500B euros)
- Will buy senior ABS tranches and mezzanine if guarantees
- It’s difficult to design a program of outright purchases
- Wants to increase ECB balance sheet (around 1T euros)