ECB Said to Talk Taper at the Conclusion of QE

The transcript discusses the European Central Bank's (ECB) current thinking and plans regarding its bond-buying program. It highlights the informal discussions among ECB officials about tapering the program, similar to the Federal Reserve's approach. The ECB is currently purchasing €80 billion a month and plans to gradually reduce this amount. The timing of this tapering is still undecided, and the ECB intends to continue its stimulus as long as necessary, considering bond scarcity issues. The program is set to run through March 2017 or longer if needed.

What is the ECB's stance on continuing its stimulus measures?

What is the significance of the bond scarcity issue mentioned in the context of the ECB's policy?