The deputy German finance minister via Reuters

Just adding some colour to Mike's post just now. Michael Meister says that Eurozone countries have failed to use the low interest rate environment created by ECB QE to bring reforms to their economies and budgets.

"Politicians should focus on solving fundamental problems. If we achieve this, then the need for low interest rates is eliminated and the ECB is in a position to pursue a different monetary policy."

I wonder what brick wall he's speaking to today?