Eurobonds and ECB intervention

I pointed recenly the strange logic of the advocates of creating eurobonds and the European Central Bank direct intervention - they keep having this discussion, despite its total irrelevance in view of the strong opposition from Germany and perhaps from some economically smaller contries that are still doing well (such as Austria, Finland, Netherlands.) (And Britain has just demonstrated that how one country's opposition can block any initiatives.)
Yet, they insist:
"The ECB has a strong rationale to act: to ensure the smooth transmission of monetary policy, to prevent a depression that would lead to deflation, and to avoid the breakup of the euro. Yet it has so far refused to do so, hiding behind a legal fig leaf.

Granted, Article 123 of the Lisbon Treaty prohibits the ECB from purchasing bonds directly from public bodies, but intervening in the secondary market is permitted. The ECB has long been doing so through its Securities Market Program. Where in the treaty does it say that extending the SMP is prohibited? Indeed, a credible open-ended commitment to contain interest-rate spreads would actually require fewer purchases than the ECB’s current limited and temporary program does."

and also:
"Eurozone leaders could also set out a roadmap towards Eurobonds, subject to strict conditionality, and tied to a credible mechanism for ensuring fiscal prudence. This would provide an additional incentive for governments that wish to qualify to introduce the necessary reforms, while reassuring the ECB and markets that governments remain committed to making the euro work."

Strangest of all is lecturing to Germans why their understanding of their own history is incorrect:
"Unfortunately, many Germans, notably at the Bundesbank, loathe the idea of central-bank intervention, because it conjures up memories of 1923, when the Reichsbank printed money to fund government borrowing, the resulting hyperinflation destroyed middle-class savings, and a decade later Hitler came to power. Yet Germans ought to remember that it was in fact the financial panic provoked by the collapse of the Austrian bank Creditanstalt, the resulting slump, and misjudgment by the German political establishment that cleared the Nazis’ path.

Far from precluding action, history justifies it. Besides, there is no reason to panic about inflation when monetary growth is low, bank credit is contracting, and people are hoarding money rather than spending it. Moreover, any ECB purchases could continue to be sterilized."

This might be true... but one also ought to remember that the above-mentioned "misjudgment by the German political establishment that cleared the Nazis’ path" was in fact the mijudgement by the Weimar Socialist Democrats, not so different from the socialists governments, whose misjudgement has brought about the European debt crisis.