(Quote from the Volkskrant)

Klaas Knot, president of the De Nederlandsche Bank, the Dutch National Bank, predicts the end of the much critized monetary stimulation program of the ECB. In the last few years the ECB has printed more than 2,1 trillion € (2100 miljard) pumping up the European economy. Knot’s worry is based on reliable Bloomberg figures saying that the ECB monthly buys up 60 billion of bonds to control the Greek and Italian debts. 
From January on the program should be halved and Mr. Knot prefers that the money presses should be switched off soon. However the central bankers are worried if they reduce the financial doping too abrupt, it would cause panic at the financial markets.

A soft landing however would cost another 270 billion; nowadays this is considered as peanuts but a forceful cut could cause inflation and a new recession could mean that the money presses would have to keep working indefinitely. 

This also means the dodgy business buying phony bonds will go on for a long time and in the long run EU member states will have to contribute a lot more cash. 

Theo R.