The main event of the week will be Thursday’s meeting of the ECB which is considered almost certain to see the launch of a government bond-buying campaign. Sources have told Reuters the ECB may adopt a hybrid approach – buying debt and sharing some of the risk across the euro zone while national central banks make separate purchases of their own. “The market is baying for action from the ECB on Thursday, with expectations now firmly entrenched in favor of a QE announcement,” said James Ashley, chief European economist at RBC Capital Markets.