According to the financial news and analysis site ZeroHedge, the European Central Bank is preparing to face the next sovereign debt crisis in Europe.

In practical terms, this means that there are already signs showing that budget deficits and debt levels in some European countries have become worrisome. If, in the future, market confidence were to erode, a situation similar to the 2011 debt crisis could reemerge.

In other words, the ECB is taking proactive steps to prevent high volatility in the bond market from triggering a systemic risk.