European woes

Yesterday, the ECB boss announced that it will support the Euro.  The markets rallied everywhere after that.  But you ponder why that is so significant.  Why would the ECB not protect the Euro?

Consequently, the ASX All Ords will rise today too, following like a poodle.  But all financial problems are still there; only the rhetorics are variable.  Today is definitely not a good day to buy unless someone is dumping shares.