Well I don't know if anyone has written it down better. But IMHO one thing holds: "There are two things all governmental "solutions" have in common: 1) they are the most expensive, most bureaucratic, most inefficient, of maximal stupidity...
A lot of money vanished yesterday. I guess we're talking about values at or around 2-10 trillions. How will that be changed if the EZB has bought bonds from Italy and Spain at or around 5-6 billion? Without doubt, we can say also. Nothing has changed...