Particularly here in Germany, people see the new role and the new tools of the ECB as something risky. They are concerned that the low interest rates might destroy future wealth and ruin their retirement plans. Outside Germany, however, the ECB has won respect for its forceful response to the crisis.
The likely direct economic spillovers to the rest of Europe also seem fairly contained, since Greece is quite a small economy. Of course, things remain fluid. An unexpected turn of events – of which there have been many over time – could change the assessment above. Broader financial and economic impacts might be longer in coming and harder to predict.