On ECB QE.
€60 billion a month including:
Super-national (read EIB/ESM) debt;
It does NOT include Corporate Bonds. (or equities..)
It will buy bonds with remaining maturity between 2 and 30 years.
It will buy inflation linked bonds.
Purchases will start in March (in six weeks, when that month's reserve maintenance period starts) and will continue until at least September 2016.
The breakdown of purchases will be by Central Bank capital key, with the ECB itself accounting for 8% of purchases.
So, if you want to work out how much each national central bank will buy, get the banks capital share here (be sure to adjust to 100% total), multiply that by €60bn, then multiply that by 0.92.
Interestingly, there is nothing in the guidelines stopping an NCB buying the sovereign debt of another euro-area country, although it would be doing so at its own risk.
I've written here about why the non-risk sharing is probably a good thing.
But, also, I think ECB QE buying at this level is most likely to work more to weaken the € currency than necessarily have a positive portfolio effect.
Overall, this is good news. It would be churlish to ask for more, at the moment.