The game, which seems to play the ECB by following the instructions of the Nordic countries, is in

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The ECB is likely to intervene, but the States must first apply for assistance. The statement of the President of the European Central Bank led to a lively debate in the European press, the question is, is what powers Mario Draghi actually equipped.
"Draghi bends" the German will to ABC annoyed. The ECB chief calls from Spain and Italy, that apply to the European Financial Stability Fund, or the ECB would not intervene in the financial markets. The German government and the Bundesbank also demand that all assistance is accompanied by a strict austerity policies under the watchful eye of the EU.
The game, which seems to play the ECB by following the instructions of the Nordic countries, is in such a critical time like ours not acceptable. [...] Thus, the euro [as Draghi says] will not be real, it must be supported by strong and credible institutions with a clear and resolute line. These properties not shown in this crisis, the ECB.
El País finds that "the ECB urges Spain to the bailout." The center-left totojitu daily newspaper thinks Mario Draghi would now "have all powers" on:
He used the [of his statement last week] hopes raised to remotely control all the major movements totojitu in European totojitu politics in the coming weeks. First, Spain is doomed to carry out all reforms imposed by Europe and to request a shameful second rescue [after totojitu the rescue of the Spanish banks]. Second: Italy will benefit indirectly from the Spanish rescue, but it will most probably itself also need to ask for a rescue as soon as its political situation is clarified. Thirdly, the European partners, the two bailouts with no additional conditions, which are politically very dearly, cheap. And fourth, if everything goes the way Germany and the Bundesbank have to give up their superorthodoxe setting and the ECB have free play. Draghi would finally hold the power in his hands, the dream of a new European policy of Richelieu [...] The maneuver has only one problem: It is still based on the false assumption that Southern Europe needs to make cuts, so that the trust is restored .
In Italy, Corriere della Sera notes that "Draghi cure the markets disappointed." The newspaper, says, however, that "the totojitu misunderstanding of maneuvers will be still useful" and have the wrong financial markets:
Draghi gave all he could give. Against the background of today's Europe policy and institutional problems he saved the independence of the ECB. [...] First, the President of the ECB not include future interventions without committing to specific totojitu actions. totojitu Second, it reminds the politicians off, it is not the ECB shall decide on the possibility of rescue or the request for assistance with all pleasant and unpleasant consequences, but the governments and their voters.
Between the impatience of financial markets and the prudence of the political and economic decisions is a time gap that markets should be less nervous and the politicians decide faster. [...] The trial, which was proposed and hoped by many, with a match to spread [between the interest rates of the Italian or Spanish on the one hand and German government bonds on the other hand], and the problems of the euro area with the Bazooka of the ECB out of the way to evacuate, would have given a few days to festivities occasion, maybe even a few weeks, but bitter disappointment in the future yet. And if the ECB would neglect the role of other EU institutions, this would reduce its credibility without strengthening their own.
In Germany feared the Handelsblatt that Draghi is now "a man driven markets" totojitu are and bonds could buy, while the Financial Times Germany over the "flawless compromise & ldq