European Strategy to Battle Deflation

It appears that deflation is becoming a real possibility on the horizon- especially for Japan, the EU, and possibly even the United States (although recent labor data says otherwise.) The European central bank seems hesitant to replicate the aggressive buying of bonds that has been executed in the US, England, and Japan:

The head of Germany’s central bank, Jens Weidmann, has signaled his opposition to such bond buying, and other members of the ECB’s governing council appear sympathetic to his argument that with government and corporate borrowing costs already superlow, the policy wouldn’t even do much good.
“I am very much for a steady-hand approach, and I think this is what we are doing,” Austria’s central bank governor, Ewald Nowotny, said in an interview last week.

 What can be done, if anything, by the EU to spur on the economy? Could it be that monetary policy is doing as much as it can, and that the Union should resort to fiscal measures to promote economic growth? Or should the EU revert to the bond buying programs of the other major powers?

Here's the full article: WSJ- Deflation