Unlimited Bond Purchases ECB Head Draghi Backs Up Pledge to Save Euro

European Central Bank chief Mario Draghi on Thursday overrode German concerns and announced a program allowing for unlimited purchases of sovereign bonds from struggling euro-zone member states. The plan, however, is not without conditions.
European Central Bank President Mario Draghi on Thursday announced details of an unlimited bond-buying program aimed at stabilizing euro-zone borrowing costs.

European Central Bank President Mario Draghi on Thursday announced details of an unlimited bond-buying program aimed at stabilizing euro-zone borrowing costs.

ALEX DOMANSKI/ REUTERS
cgh -- with wire reports