3:40 pm Thu September 6, 2012  European Bond-Buying Plan May Not
End Debt Crisis  Originally published on Thu September 6, 2012
6:09 pm    This move by the European Central Bank is complicated
stuff, and we've asked economist Kenneth Rogoff to help explain
it a bit further. He's professor of economics at Harvard and
former chief economist at the International Monetary Fund.
Welcome back to the program.   SIEGEL: And the first question:
In general, is this another incremental, stopgap measure to hold
the eurozone together? Or is the European Central Bank and Mario
Draghi, are they announcing a game-changer here?  ROGOFF: Oh,
this is a big one, Robert. There's no question about it. The
European Central Bank is the one pan-European institution that
has the power to do unlimited check-writing. And if they say
that they're going to help back the Italian and Spanish
governments, it's a big deal.  But I wouldn't quite say it's a
complete end to the euro crisis because at the end of the day,
those governments still