You mean like they did with Greece and Spain? On yea, they reached agreements right? How many fiscal targets has Greece achieved per the agreement? How many extensions have they been given to actually achieve some of them? the whole agreements are a joke. The only reason the ECB isnt being more active is because they know their most powerful weapon is TALKING about the bazooka and not actually using one because once they use it, the markets will realize they really have 0 control over the situation. Ask yourself, what tools will the Fed have if the recovery fads again? (i sound like a perma bear but im just saying hypothetically) There isnt much more that it can do that will carry any real substance.