The plan to buy up bonds from troubled Eurozone economies creates a firewall for nations like Greece and Italy — expelling Greece may now be less risky.
It's vacation time across Europe, but it's not all sunshine for Greeks. The debt-laden nation has fallen behind in implementing reforms and austerity measures.
We check in with one Athens resident about whether Greeks are really withdrawing their cash from local banks in droves and what the mood is like on the streets.