Mario Draghi is set to push the ECB to buy junk rated bonds.

To buy junk-rated Greek and Cypriot bank loans, a move that will likely increase tensions between Germany and the bank. The ECB's executive board will propose that existing requirements on the quality of assets accepted by the central bank be relaxed to allow for the purchase of safer slices of Greek and Cypriot ABS. Despite Germany's opposition, the country may be outvoted if other eurozone members choose to back it.