The European Central Bank (ECB) is expected to unveil new measures aimed at tackling the Eurozone debt crisis.

It follows its monthly meeting today.

Financial markets are hoping president Mario Draghi will reveal details of a revamped programme to buy up the sovereign debt of Eurozone countries.

However there are some fears any new programme of bond buying will fuel inflation and ultimately erode the independence of the ECB so there are likely to be conditions attached.

Economists are divided as to whether further rate cuts will be announced as part of the measures.

European shares edged higher this morning.

Investors are looking to the ECB to support risk appetite by detailing plans for a new bond-buying programme to help bring down borrowing costs and revive risk appetite.

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