The Bank also tripled the amount of some risk asset purchases, compared with the past (Chart 7). The effects of QQE have a tendency to become stronger in a cumulative manner with the progress in asset purchases by the Bank.
For this purpose, in October 2010, the European Council endorsed the proposals put forward by a special task force on economic governance led by President van Rompuy. Building on the recommendations of the task force, the European Parliament and the Council adopted, in November 2011, the six legislative proposals presented by the European Commission in September 2010.