Waiting for a Decision from the European Central Bank

Will the European Central Bank choose to step-in and put a stop to a potential run on the euro zone bond markets?

The ECB has ramped-up its purchases of Italian and Spanish bonds over the past couple of months, but the acquisition of $300 billion+ in sovereign debt is not having the desired effect.

Austerity measures are not a viable alternative as even the most draconian and unrealistic measures would not get budgets where they need to be.

This leaves many questioning whether they European Central Bank will come to the rescue as the lender of last resort.

The stories below provide a snippet of euro debt crisis news and noise from the past couple of days.