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European Central Bank (ECB) president Mario Draghi unveiled bigger-than-expected quantitative easing measures on Thursday but still faced a fierce fight from Germany over any policy that could mutualise debt in the eurozone.  "The combined monthly purchases of public and private sector securities will amount to €60bn euros,” said Mr Draghi at a press conference following a meeting of the ECB’s governing council.  “They are intended to be carried out until end-September 2016 and will in any case be conducted until we see a sustained adjustment in the path of inflation," he added, meaning the package will amount to at least €1.1 trillion.  Mr Draghi’s package of asset purchases, including bonds issued by national governments and EU institutions such as the European Commission, is intended to boost the eurozone’s flagging economy and to ward off the spectre of deflation.  It took a dramatic toll on the euro, which dropped to an 11-year low against the dollar at $1.14. ....A trillion euros here, a trillion euros there... Before you know where you are, you;re talking real money....And still the fantasy rolls on...that somehow things will be OK in the end with the single currency, despite individual countries having different tax and fiscal regimes, different industrial, agricultural and commercial capacity, different wage and benefits structures...the list goes on and on. We all know that the Eurocrats love the idea of a superstate, and that such arrangement is the only way a single currency can work. Unfortunately for these dreamers, there are several problems along the way - by and large voters don't want it, national governments don't wish to lose power, the countries have wide differences in social and economic outlook. Fiddling the figures to pretend that certain late entrants to the Euroclub met the necessary requirements for entry was the beginning of the end of any credibility in the project. Doubtless QE will be another nail in its coffin. Little wonder that all the big banks have dusted off their plans for a return to the mark, franc, peseta, drachma et al... So much for German law and High Court. They'll do their usual faux debate, issue more faux warnings, etc. They have nothing better to offer. They look at the Dresden marches and see the ghost of old Prussia, Most Germans would sooner join Islam. What Draghi did is completely illegal, but it saves the Union. It was wink-wink from Berlin all along. Mutti has things under control, and Germans' only fear is that Mutti will step down. Last week the Reich outlawed marches offensive to violent religions--much to the relief of most Germans. Dhragi thus saves beer, bratwurst, cars for the foreseeable future, the past remains buried--which means no more Israeli blackmail--and beyond that a German has no business thinking about. Meanwhile, the Project shrugs and drags its carcass on to the next crisis. Like the Plague, all it has to do is stay alive for its next victim.