The new President of the European Central Bank (ECB), Mario Draghi may have to aggressively print Euros to buy Italian government debt. The primary objective of the ECB is to maintain price stability within the Eurozone, which is the same as keeping inflation low. The ECB Governing Council defines price stability as inflation of around 2%. Mr. Draghi cut short-term interest rates in his first meeting. Certainly he doesn't want to aggressively expand the Euro, but given the recent interest rate spike, it appears he will have no choice but to buy Italian bonds to support their prices (and bring their interest rate down). It is somewhat notable that Mr. Draghi is Italian, so he is likely feeling extra pressure.