On December 21, 2011 the European Central Bank (ECB) has launched the greatest liquidity opperation until now. More specifically, the European institution based in Frankfurt credited the commercial banks for a period of three years with the record ammount of €489 billions, at 1% interest rate. Even if ECB’s action was extensively debated in press, the economic effects of such a “crisis exit” were somehow overlooked. The injection of massive liquidity ammounts in the economy through the fractional reserve banking system can only lead to one scenario – the creation of inflationary pressures and the worsening of the economic crisis. Ironically, ECB’s intervention is percieved as a reaction to the incapacity of governments to undertake anti-crisis measures and as the only way to avoid the economic and the sovereign debt crisis. However, the idea of getting out of crisis by relaxing the crediting is similar to treating an alcoholic in withdrawal through drinking. Even if, apparently, it postpones problems in the short run, it does nothing more than to worsen the inevitable reaction of economic readjustment over the medium and long-term.