QE to Infinity is set in cement in the “European Stabilization Mechanism Treaty." This is the new European Union and the euro. It will be in place and operative by July of 2012.
European Stability Mechanism
From Wikipedia, the free encyclopedia
The European Stability Mechanism (ESM) is a permanent rescue funding programme to succeed the temporary European Financial Stability Facility and European Financial Stabilisation Mechanism in the 17-member Eurozone. The ESM is due to be launched as soon as Member States representing 90% of the capital commitments have ratified it, which is expected in July 2012.