European central bank chief vows to save euro
Mario Draghi says his bank is prepared to do whatever it takes to preserve troubled currency.
Published On 26 Jul 2012
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.
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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.
Source: Al Jazeera