It has been reported that the recovery that is witnessed by the Eurozone this year would probably be quite uneven and also moderate but the withdrawal of the ECB support that is extraordinary and the speed of it will be entirely dependent on the medium - term perspectives.

It was made clear that although the economy on a global scale had begun to take a turn after an economic turmoil which lasted a prolonged period, only a moderate recovery is expected in the Eurozone for the current year and it seems that there are possibilities that the recovery would be uneven across a few regions.

The ECB reversed its plans, as was expected, earlier to make all the requirements it had framed on the collateral for lending much tougher than it was originally and in turn it lends Greece a much needed helping hand, without which it would have realized that that the bonds were in fact ineligible.

It was also reported that the ECB was slowing undertaking steps necessary to end its liquidity lifeline and they were planning to auction the money to the highest bidder instead of providing a supply which was unlimited.