Draghi will outline the development of bond-purchase program at a press conference, ECB

Bond buying program is still under development

The ECB will buy bonds only a short term maturity

The ECB will take an independent decision to purchase bonds

Countries must submit a formal application before the ECB intervenes

The ECB will buy bonds only in parallel with the EFSF / ESM

Standard tools of monetary policy are no longer applicable

ECB true mandate to ensure price stability

Eurozone countries must solve their problems

To give Greece more time - then increase spending

Greece has made progress in reforms

Inflation expectations firmly restrained

Monetary policy does not reach the real economy