Analyst responses to ECB's new bond-buying plan

LONDON (AP) — On Thursday, Mario Draghi, the president of the European Central Bank, unveiled a package of measures that is designed to ease the strains in Europe’s debt crisis and secure the future of the euro currency.

He announced that the central bank was creating a new bond-buying program, called Outright Monetary Transactions. The so-called OMT, which will replace the previous program, will see the ECB buying short-term bonds of of between one and three years and will have no limits.