No Limits ECB President Draghi Reaches for the Bazooka

European Central Bank President Mario Draghi has taken a bold step this week to contain the euro crisis. The ECB is now planning unlimited bond purchases in order to prevent an escalation of the euro's woes. The step marks a fundamental shift in efforts to save the common currency -- and comes with plenty of risks.
A sculpture of the euro symbol stands in front of the European Central Bank headquarters in Frankfurt: The ECB is pulling out the bazooka to save the common currency.

A sculpture of the euro symbol stands in front of the European Central Bank headquarters in Frankfurt: The ECB is pulling out the bazooka to save the common currency.

Foto: JOHANNES EISELE/ AFP