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Things will appear better in "euroland" soon, and that will give the euro support.
Users of the P2P payments app in Spain and Ireland can now connect any Spanish or Irish bank account to the app to send and receive money within their own countries and across borders (with native Euro support in those markets).
"We think that no agreement at the EU summit on the bailout facilities should erode euro support further in the near term," said Valentin Marinov, currency analyst at CitiFX.
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Six weeks ago, the European Central Bank stirred world markets when it announced a coordinated intervention on behalf of the euro, supported by the United States Treasury.
One poll this week showed pro-euro support at 54%.
Better the latter, he may well have thought and he can soon expect pro-euro support from the big guns of Swedish business, other parties and the heavyweight media.
The commission said it expected to spend up to 600 million euros supporting butter and skimmed milk prices this year and proposed to continue this policy throughout the winter.
Traders bet that further declines in the already weak euro would support economic recovery and buoy company profits.
Though the UK is outside the euro, British support and encouragement would be very helpful for Berlin.
Cutting interest rates to dampen the euro and support recovery would risk fuelling the growth of liquidity.
In reality, Draghi had little choice but to act, and this QE will help provide greater liquidity, and lower the value of the euro to support manufacturing and exports.
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