The timing and pace of those adjustments, if and when they come, will be a matter of careful consideration, taking into account all the relevant factors, including what might be happening with market interest rates.
When we have a report, we shall see. Will the role of the EFSF be enough to substitute for the ECB? The decisions which have been taken by the European governments have to be fully implemented, and they explicitly include the possibility of intervening on the secondary bond market.