ECB Bond Stimulus: $69B a Month Until September 2016

The European Central Bank announced a quantitative easing program this morning. It will purchase $69 billion worth of investment grade sovereign bonds, more than economists initially expected, beginning in March and lasting until September 2016. This as sluggish growth and deflation fan fears of yet another recession in Europe. TheStreet's Scott Gamm speaks with David Battersby an investment manager at Redmayne-Bentley to talk about how effective this plan will be to solve Europe's economic woes and if the stimulus will extend beyond September of next year.