[QODLink]
Europe
European central bank chief vows to save euro
Mario Draghi says his bank is prepared to do whatever it takes to preserve troubled currency.
Last Modified: 26 Jul 2012 22:06

The message coming from the head of Europe's Central Bank could not be clearer; it will stand by its currency and will bolster it in any way it can, according to remarks made by its president.

Mario Draghi's words sent positive noises through the markets, prompting the high rate at which Spain and Italy borrowed money to fall significantly.

Europe's economic woes are far from over, none more so than in Greece.

Three years after his last visit, the European Commission leader, Manuel Barosso will find it much changed.

The global markets will now wait to see how the ECB put its plan into action, hopeful it will bring some sort of stability.

Al Jazeera's Emma Hayward reports.

118

Source:
Al Jazeera
Topics in this article
People
Country
Organisation
Featured on Al Jazeera
More than one-quarter of Gaza's population has been displaced, causing a humanitarian crisis.
Ministers and MPs caught on camera sleeping through important speeches have sparked criticism that they are not working.
Muslim charities claim discrimination after major UK banks began closing their accounts.
Italy struggles to deal with growing flood of migrants willing to risk their lives to reach the nearest European shores.
Featured
Thousands of Houthi supporters have called for the fall of Yemen's government. But what do the Houthis really want?
New ration reductions and movement restrictions have refugees from Myanmar anxious about their future in Thailand.
US lawyers say poor translations of election materials disenfranchise Native voters.
US drones in Pakistan have killed thousands since 2004. How have leaders defended or decried these deadly planes?
Residents count the cost of violence after black American teenager shot dead by white Missouri police officer.
join our mailing list