European Central Bank disappoints investors with non-action

Aug 2, 2012
Investors had been hoping that ECB President Mario Draghi would unveil something big to help solve the European debt crisis. Instead, Draghi offered only vague commitments.

Mario Draghi maintains uncertainty surrounding Europe

Aug 2, 2012
In Frankfurt, the head of the European Central Bank Mario Draghi held a press conference. Everyone was waiting to see whether Draghi would announce new stimulus measures, after saying last week that he'd do whatever it takes to save the euro.

ECB Mario Draghi holds press conference

Aug 2, 2012
The head of the European Central Bank, Mario Draghi, is holding a press conference right now in Frankfurt. And global markets are hanging on his every word. That's because he said last week he'll do whatever it takes to save the euro, and today is the day we find out what that means.

What's up, Europe? Protesters in Madrid

Jul 11, 2012
In Spain today, the government announced new austerity measures to meet the terms of the bank bailout early this month: $80 billion worth of tax increases and pay and benefit cuts.

Euro crisis tests role of ECB

Jun 6, 2012
There was no cut in interest rates from the European Central Bank today, but some would like the ECB to take action soon.

Solutions for Spanish banking crisis dwindle

May 31, 2012
Spain's Deputy Prime Minister, Soraya Saenz, will head to Washington to discuss ways to resolve the Spanish banking crisis with Treasury Secretary Tim Geithner.

OECD issues European recession warning

May 22, 2012
The Organization for Economic Cooperation and Development warns the eurozone nations of severe recession risk, and calls on the European Central Bank to step in to stem the crisis.

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Can the ECB save Europe?

Nov 16, 2011
The U.S. central bank, known as the Federal Reserve, is the lender of last resort. Its bond-buying orgy bailed out banks during the financial crisis and rescued the economy. But its European equivalent has neither the ability not the will to do the same for the eurozone.
Mario Draghi, new president of the European Central Bank (ECB), speaks to the media following the first meeting of the ECB Governing Council with Draghi at the helm on Nov. 3, 2011 in Frankfurt am Main, Germany.
Ralph Orlowski/Getty Images