Bce and Efsf

It's funny how  the economic and financial scenarios can change in a short time.
Only a few days ago we welcomed the increase in the BCE's reference rate, used as a mean to counter rising inflation.
Today we are in a situation that is potentially different.
 Currently the main problem  is the sovereign debt crisis and the increasingly high differential between the Spanish and Italian bonds  and the German Bund, due to the impetuous yields growth in Italy and Spain.
For that reason   many operators would like to suggest the BCE to reduce  rates, just about a month to increase them at  1.50%.
Today issued the news that the Swiss Central Bank, in order to counter the excessive strengthening of Swiss currency ,  made a reduction of 0.50% on three-month Libor rate, bringing it almost to values ​​close to zero (0.25%). In a statement the central bank said that "the recent strength of the Swiss currency  is threatening economic development and is increasing the downside risks to prices in Switzerland." But these  are several reasons.
Certainly in Europe the situation is far from rosy. The EFSF Fund  still can not buy bonds  on the secondary market  (it  needs to change its status) in order to support market prices (after the launch of the second round of aid to Greece was decided , between other measures, that  EFSF could buy Greek bonds on the secondary market to help the creditors of that country).
And the BCE hasn't  intervened  in the market for 4 months (but there is a latest news  of about 18 o'clock that talks about  the Central Bank purchases of  italian and spanish bonds on the secondary market).
Created in May of 2010 by 16 Member States of Eurozone, the EFSF is a company based in Luxembourg able to issue bonds (rated triple AAA, as guaranteed by the individual states of the Eurozone, up to 440 billion euros; each state guarantees a percentage of the shareholding in the European Central Bank) to finance disbursements  to countries in distress, and ensure the stability of the European Economic Area.