But it seems that some of us are different class passengers
Time to check up your tickets status
Maybe the ECB is soon to change its Central Bank Statute. Whether it is going to operate within its central bank mandate becomes more and more obscure. It seems more likely that the ECB is on its way to become a formal, single and central market-maker debt-refinancing credit authority for European sovereign member states, rather than continue to perform the usual central banking operations. On the other side IMF involvement in European Union economics and financial issues and the bilateral cooperation between the ECB and the IMF really puts the special emphasis on who will be the final beneficiary of the interest from the massive forthcoming credit activities.
Another important moment is that the era of the Structural funds and the Cohesion Fund and EU grant schemes and financial instruments seems to near its end. The game is already not about decreasing the discrepancies between the regions and funding (through grant schemes) the less developed member states so that a real competition is achieved for the well-being of the European Union.
Now everything seems to be implemented through the unlimited credit facility of the money issuer of eurozone - the ECB, together with the honourable assistance of the IMF.