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Will the New ECB Bond Program Work?

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Published: Thursday, 6 Sep 2012 | 10:29 AM ET
By: CNBC.com

European Central Bank Chief Mario Draghi has announced a new "unlimited" bond-buying program to help heavily indebted euro zone countries.

Under the scheme, the ECB will buy government bonds in the secondary market with maturities of up to three years, as long as the country meets certain conditions.

It's the third bond buying program the central bank has announced in recent years and Draghi has staked his credibility on it.

But will it work in stopping the crisis from spreading and keeping the euro zone intact? We want to know what you think.

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European Central Bank Chief Mario Draghi has announced a new "unlimited" bond-buying program to help heavily indebted euro zone countries, but will it work?

   
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