Reply #43: I found the Reuters article. Yes, it's quite conditional

[GliderGuider]

http://www.reuters.com/article/2011/08/05/eurozone-ecb-conditions-idUSL9E7G900G20110805

Aug 5 (Reuters) - The European Central Bank is demanding that Italian Prime Minister Silvio Berlusconi commit to fast-track specific welfare reforms and a constitutional amendment enshrining a fiscal rule before it will buy Italian bonds, sources close to the matter said on Friday.

The sources, speaking on condition of anonymity because of the sensitivity of the issue, said the ECB had agreed in principle on Thursday to buy Italian and Spanish bonds if key structural reforms were brought forward.

Top European Union leaders were applying concerted pressure on Berlusconi to make an announcement by the end of the weekend so that the ECB could intervene in bond markets early next week, the sources said.

So no actual buying until next week...