Europe's Bank Signals Stimulus Plan.

The article reports that the executive board of the European Central Bank (ECB) has recommended the bank purchase $58 billion worth of bonds each month for at least one year in an effort to boost the eurozone economy. Market reaction to the news was muted, suggesting investors had already anticipated the ECB's move. Economist Athanasios Orphanides said a one-year program of the magnitude proposed by the ECB would be grossly inadequate.