That being said,  BIS Review 71/2010  1  the euro area as a whole is on a solid footing within the industrialised world. Unfortunately, however, the same cannot be said of all individual euro area countries at present. That is the problem, and it had to be – and is being – addressed.
FAZ: The ECB is buying bonds that banks and investors want to get rid of. Do you risk taking on the role of a European “bad bank”? Trichet: No. We are only aiming to stabilise those markets that stopped functioning normally.