"(Draghi) is probably going to deliver some relaxation of collateral standards," Marc Ostwald, strategist at Monument Securities, told CNBC. He argued that Northern Europe wants this because it could turn pan-euro zone risk into a national sovereign risk. "This is what the Northern countries want... they feel that if they go anywhere down the route which looks like QE, they will purely provide incentives for the 'Club Med group,' including France, not to institute the sort of structural reforms which they failed to do for the past 12 to 13 years."

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Is the Deficit Being Cut Too Fast? Fri 17 May 13 \| 07:53 PM	Bad Week for Obama Fri 17 May 13 \| 07:42 PM	Tim Cook Says Corporate Taxes Too High Fri 17 May 13 \| 07:30 PM	Who Really Wins In Powerball? Fri 17 May 13 \| 07:26 PM	Are Investors All-In on the Rally? Fri 17 May 13 \| 07:15 PM
The IRS Takes a Grilling Fri 17 May 13 \| 07:00 PM	Cramer's Final Thoughts Fri 17 May 13 \| 06:59 PM	No Huddle Offense Fri 17 May 13 \| 06:53 PM	Mad Tweets Fri 17 May 13 \| 06:48 PM	Lightning Round Fri 17 May 13 \| 06:40 PM
The Week That Was Fri 17 May 13 \| 06:35 PM	Companies That Shine After Spinoffs Fri 17 May 13 \| 06:29 PM	Bargain in a Roaring Market Fri 17 May 13 \| 06:15 PM	The Week Ahead: Next-Gen Xbox Fri 17 May 13 \| 06:02 PM	Mad Money: Cramer's Gameplan Fri 17 May 13 \| 06:00 PM
Mad Money, May 17, 2013 Fri 17 May 13 \| 06:00 PM	Options Action Web Extra: Will Tesla Power Down? Fri 17 May 13 \| 05:59 PM	Options Action, May 17, 2013 Fri 17 May 13 \| 05:53 PM	Press Your Gold Shorts Fri 17 May 13 \| 05:53 PM	Hollywood Starlet Makes Options Trade Fri 17 May 13 \| 05:46 PM
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Stock Pops & Drops Fri 17 May 13 \| 05:19 PM	Disruptors Shaking Up the Energy Industry Fri 17 May 13 \| 05:14 PM	How Gold's Plunge Pressures Miners: CIO Fri 17 May 13 \| 05:06 PM	Stocks Surge on Strong US Dollar: Pro Fri 17 May 13 \| 05:01 PM	Gold's Worst Week in More Than 4 Years Fri 17 May 13 \| 05:00 PM

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ECB: Northern States vs. Southern 'Club Med'

ECB: Northern States vs. Southern 'Club Med'

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