Let me get this straight. The ECB plans to monetize the debt of its member countries to maintain a band on sovereign debt rates, and why would this be good for the value of the Euro? In the short-term, exuberance will bid the euro up, but in the long-term the euro’s value will take a fall. Inflation has already been creeping up in the Eurozone, particularly the price of oil.
I already discussed the logical endgame to Eurozone bond buying. It ends with everyone getting out of their Eurozone bonds at a good price and the ECB left holding the bag: