Jacob Kirkegaard of the Peterson Institute for International Economics says the plan is not a band-aid and
"really does have the potential to be a game changer."
Here's how it will work: The ECB will buy unlimited government bonds so long as that euro zone government complies with an economic reform program approved by the euro zone leaders. The ECB, in turn, will offset those purchases by taking an equal amount of money out of circulation, keeping its mandate to maintain stable prices.
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