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Mario Draghi

A collection of news and information related to Mario Draghi published by this site and its partners.

Top Mario Draghi Articles

Displaying items 34-44
  • European Central Bank cuts key interest rate to fight recession

    European Central Bank cuts key interest rate to fight recession
    WASHINGTON -- The European Central Bank on Thursday lowered its key interest rate to a record low level in an effort to spur economic growth in the recession-plagued Eurozone. The central bank's policymakers lowered its main refinancing rate by 0.25...
  • Russia's Putin beats Obama for top spot in Forbes' most powerful

    Russian President Vladimir Putin is the most powerful person in the world, outflanking President Obama, whose authority was damaged by the recent government shutdown and budget crisis, Forbes magazine reported Wednesday in its annual rankings of global...
  • European Central Bank chief swears to 'preserve the euro,' Dow soars

    European Central Bank chief swears to 'preserve the euro,' Dow soars
    Mario Draghi, president of the European Central Bank, pledged Thursday that the institution “is ready to do whatever it takes to preserve the euro,” sending financial markets soaring around the world. The Dow jumped more than 250 points in...
  • Double dip: Eurozone falls back into recession

    Double dip: Eurozone falls back into recession
    The Eurozone is back in a recession, its first in three years, as gross domestic product for the debt-plagued 17-nation bloc contracted 0.1% in the third quarter from the earlier quarter. In the second quarter, the currency collective tightened 0.2%,...
  • EU summit produces surprise moves to bolster struggling euro

     
    European Union leaders surprised and impressed markets worldwide Friday by taking unexpectedly decisive action to boost confidence in the struggling euro common currency at a summit where little had been expected except impasse and discord....
  • Confidence teetering in Eurozone, economists warn

     
    Global Focus: It's been more than two decades since the Iron Curtain fell and Europeans embarked on an ambitious mission to build a powerful economic, political and social union in place of the Cold War divide. And for more than two decades, Germans...
  • Struggling euro nations jockey for central bank intervention

     
    Debates over austerity measures in Spain, Italy and Greece served as silent pressure on the European Central Bank (ECB) to do something at its Thursday board meeting to boost investors' confidence in the government bonds Italy and Spain need to float to...
  • European Central Bank doesn't act, disappointing markets

     
    European Central Bank chief Mario Draghi vowed Thursday that the euro common currency is "irreversible," but the bank's decision to not ease borrowing costs for heavily indebted Eurozone members such as Spain and Italy drove markets into renewed turmoil.....
  • Merkel, Hollande vow to 'do everything to protect' the euro

     
    Hollande, Merkel vow to protect the euro: The leaders of Europe’s two biggest economies pledged Friday to “do everything to protect” the continent’s common currency, whose long-term survival has come under fresh doubt from...
  • Deepening recession heats up talk of Greece exiting Eurozone

     
    Global Focus: As the Economist recalled this week, the Eurozone was supposed to be “a Hotel California that you can never leave.” Now, with much of the continent, including Greece, mired in recession, that hopeful vision of affluence does seem...
  • European Central Bank to buy bonds of several troubled nations

     
    The European Central Bank announced Thursday that it would buy the bonds of financially flailing countries such as Spain and Italy in unlimited quantities if necessary to keep their borrowing costs down, in an unprecedented move to keep a lid on the...