ECB's Mario Draghi unveils bond-buying euro debt plan
Mario Draghi, president of the European Central Bank, has unveiled details of a new bond-buying plan aimed at easing the eurozone's debt crisis.
He said the scheme would provide a "fully effective backstop" and that the euro was "irreversible".
The ECB aims to cut the borrowing costs of debt-burdened eurozone members by buying their bonds.
Ahead of the announcement, the central bank kept the benchmark eurozone interest rate unchanged at 0.75%.
Gavin Hewitt reports.
06 Sep 2012