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"This measure will help support confidence, but we need to recognise that its impact on near term growth prospects is likely to be relatively modest, " said Ian McCafferty, the CBI's chief economic adviser.
BBC: Bank of England injects further ?75bn into economy
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On this plan, the EFSF could then be a proper European Monetary Fund, with one side managing adjustment programmes and (where necessary) orderly debt restructuring, and the other side using ECB liquidity to support confidence in solvent but troubled governments, by buying their bonds on the secondary market.
BBC: Central banks and the 'spirit of 2008'
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When George Washington gave a farewell address to Congress in 1796, he talked about why the U.S. Constitution deserved the people's support and confidence.
CNN: Stamp stampede on your dollar -- for democracy