The European Central Bank's plan to buy bonds is reminiscent of the Fed's quantitative easing.

European Central Bank president Mario Draghi announced a plan today to buy bonds and relieve market pressure on troubled eurozone countries. But will it work?

Target countries will have to agree to more austerity and economic reforms.

Investors in Europe are calling today "Super Thursday": the day when the head of the European Central Bank Mario Draghi rides to the rescue and saves the euro. Draghi is set to unveil his much-heralded plan to end the eurozone debt crisis.

A survey out this morning shows that manufacturing in the eurozone has fallen for the 13th straight month — not a great start to what will be a big week for the European Debt Crisis. On Thursday, the head of the European Central Bank, Mario Draghi, is expected to tell us what he meant when he said he'll do "whatever it takes" to save the euro.

In his remarks yesterday, the European Central Bank's Mario Draghi compared the evolution of the euro to that of a bumblebee. Entomologists say that's a confusing metaphor.

Investors had been hoping that ECB President Mario Draghi would unveil something big to help solve the European debt crisis. Instead, Draghi offered only vague commitments.

In Frankfurt, the head of the European Central Bank Mario Draghi held a press conference. Everyone was waiting to see whether Draghi would announce new stimulus measures, after saying last week that he'd do whatever it takes to save the euro.

The head of the European Central Bank, Mario Draghi, is holding a press conference right now in Frankfurt. And global markets are hanging on his every word. That's because he said last week he'll do whatever it takes to save the euro, and today is the day we find out what that means.