ECB expected to inject up to €1 trillion into eurozone

[inarizushi]

I don't understand anything in economy, oh God. My sole interrogation : is euro "supposed" to continue going down from now (against crypto), as more and more bonds are bought each month, or is the market supposed to have already incorporated all the information ?

[pc]

Apparently the missing steps are

7. which increases tax income for governments
8. which enables them to buy back their bonds (from ECB).

Obviously I don't buy it, because in the past 30 years or so politicians have always avoided step 8 and spent the money elsewhere.

[davidpbrown]

ECB expected to inject up to €1 trillion into eurozone

The ECB could purchase government bonds worth up to €50bn (£38bn) per month until the end of 2016 - double the amount previously expected.

That's not a closed loop!.. What do they expect will happen afterwards? Perhaps we'll watch as the US undoes its QE.
I guess they have no other answers and it'll help people adjust to the new austerity but I can't help but wonder that is in exchange for increased volatility later.