Fear of failure and distrust is what could be running in the minds of the ECB president, Mr. Mario Draghi, at present.  He, who in the recent memory, gave a strong commitment to the market to do whatsoever to resolve the Euro Debt Crisis, is now desperately relying on the German central Bank, the Bundesbank, who has a strong influence within Germany and also in the market .

Without the German’s support to the ECB, the fear that the ECB might lose its credibility hitting hard on the market, could only making things worse than before. The European market which was currently seeing a six week straight growth fell down on Monday, with the help of slightest hint that the Bundesbank has shown opposition in the yield capping of the debt ridden Euro Bonds. Germany’s finance ministry said that it was not aware of any plans for the ECB to target Bonds spread.

The ECB is in desperate need of the German support that will buy the bonds of the struggling European economies like of Spain and Italy. Analysts believe that without Germany’s support the process of ending European Crisis could become cumbersome. The market will lose faith on ECB and soon disastrous impact on the markets could just become inevitable.

However, with Angela Merkel’s soft support on Mario Draghi’s commitment has still shed light of hope in the market that soon the bond buying would take place resulting in an economic recovery. Germany’s support at this stage seems to be very necessary according to the analysts who are keenly waiting till September. Germany’s constitutional court is yet to decide on European Stability Bailout Fund on September 12. The verdict is thus the most important news that both ECB and the European market are desperately waiting for which in hindsight could shape the future of the Euro Zone.