The Hungarian parliament delayed a vote on amendments to the law this week after the ECB indicated that the changes had not gone far enough.

CNN: Hungary minister: Country's crisis is over

Meanwhile, survey data released by the European Commission on Wednesday indicated that the ECB's actions were beginning to filter through to the broader economy.

BBC: Spain's recession worsens in the fourth quarter

On August 2nd Mario Draghi, the ECB's head, indicated the bank's readiness to buy bonds again as part of a co-ordinated rescue plan.

ECONOMIST: The global crash

Meanwhile, ECB Chief Trichet indicated that the central bank would cooperate with a plan to allow Greek creditors to rollover debt at maturity.

FORBES: Dollar Selling Climbs After Trichet Accepts Rollover Plan