Topic - Mario Draghi

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  • A Wall Street sign hangs near the New York Stock Exchange in New York. (AP Photo/Jin Lee)

    Stocks waver in afternoon trading on Wall Street

    The stock market bounced around Thursday as traders reacted to news from Europe and looked ahead to the government's monthly employment report.

  • Draghi

    Euro Central Bank head urges nations to take corrective action

    European Central Bank President Mario Draghi warned Thursday that the economy of the 17 countries that use the euro currency remains weak and will struggle to grow, even with "visibly improved" confidence among the currency union's financial markets.

  • Mario Draghi, president of the European Central Bank, addresses the media in Frankfurt, Germany, on Thursday after a meeting of the ECB governing council concerning the further strategies in the European financial crisis. (Associated Press)

    EDITORIAL: Much ado about monetary policy

    The economy continues to drag, and policymakers refuse to do what it takes to restore prosperity. The official unemployment number climbed to 8.3 percent, and the broadest measure of joblessness, known as the U6, increased to 15 percent for July. Economic growth is stalled at 1.5 percent.

  • **FILE** A sign marks Wall Street in New York. (Associated Press)

    With no concrete action in Europe, stocks slump

    European leaders on Thursday gamely promised to keep tackling the continent's debt crisis. But the markets wanted much more.

  • **FILE** President of the European Central Bank Mario Draghi reports May 31, 2012, to the Economic Committee, in capacity as the head of the European Systemic Risk Board, at the European Parliament in Brussels. (Associated Press)

    ECB's Draghi: Bank may intervene on bonds

    European Central Bank head Mario Draghi says the bank is ready to intervene in the bond market to drive down countries' high borrowing rates, and urged European leaders to get their bailout fund ready to intervene as well.

  • A motorist who got out of her car argues with a demonstrator as civil servants blocked traffic during a protest against government cuts in Madrid on Monday. Spanish Prime Minister Mariano Rajoy has been introducing successive rounds of austerity measures aimed at preventing the country from being forced into a public finance bailout. (Associated Press)

    European bank will buy bonds to ease debt crisis

    The European Central Bank is preparing to unleash its financial might and buy government bonds to help drive down borrowing costs in debt-ridden countries like Spain and Italy, caught in the grip of what president Mario Draghi called a "worsening crisis."

  • VERSACE: Fast balls getting past Fed, Europeans

    A swing and a miss or more like several at bat were had this week in terms of the central banks. I'm talking about both the Federal Reserve and the European Central Bank (ECB), both of which stand ready to do something, just not yet.

  • FOSTER: Bernanke and Draghi: Bluff and bluster

    Two of the most powerful men in the world, supposedly, are Ben S. Bernanke and Mario Draghi, the respective chairmen of the Federal Reserve and the European Central Bank (ECB). Central banks, and therefore central bankers, are supposed to be powerful; today, not so much. As they meet this week to discuss next moves, all they have left to support employment is the most exceptional monetary-policy tool of all: the bluff.

  • German Finance Minister Wolfgang Schaeuble (left) speaks July 30, 2012, with U.S. Treasury Secretary Timothy Geithner in the house where Schaeuble is vacationing, in Westerland on the North Sea island of Sylt, Germany. (Associated Press)

    U.S., Germany stress cooperation to end euro crisis

    U.S. Treasury Secretary Timothy Geithner and his German counterpart stressed the need for coordinated action Monday in the face of the eurozone debt crisis and faltering global growth, but left open what joint steps Europe and the United States would take to shore up the world economy in the coming months.

  • Economy Briefs: Stock indexes drift lower, ending a two-day rally

    A two-day rally that sent stocks soaring last week fizzled out Monday.

  • **FILE** A sign marks Wall Street in New York. (Associated Press)

    Stocks drift lower on Wall Street; Shaw soars

    A two-day rally that sent stocks soaring last week fizzled out Monday.

  • **FILE** German Chancellor Angela Merkel (left) and Italian Premier Mario Monti speak July 4, 2012, at a press conference during a bilateral meeting at Villa Madama in Rome. (Associated Press)

    Eurogroup chair sees decisions soon in debt crisis

    The German and Italian leaders issued a new pledge to protect the eurozone, while the influential eurogroup chairman was quoted Sunday as saying that officials have no time to lose and will decide in the coming days what measures to take.

  • Traders gather July 26, 2012, at a post on the floor of the New York Stock Exchange during the IPO of Northern Tier Energy. U.S. stocks soared at the opening bell after the president of the European Central Bank vowed to do what it takes to preserve the continent's monetary union. (Associated Press)

    Stocks soar after ECB vows to protect the euro

    It was the buy signal that markets were waiting for. When European Central Bank president Mario Draghi vowed to "do whatever it takes" to keep the continent's monetary union intact, stocks were off to races in the U.S. and Europe.

  • A euro sculpture stands in front of the European Central Bank (right) in Frankfurt, Germany. (Associated Press)

    European Central Bank cuts key interest rate to new low

    The European Central Bank cut its key interest rate by a quarter percentage point Thursday to a record low 0.75 percent to try to help ease Europe's financial crisis and boost its sagging economy.

  • Illustration IOU EU by Alexander Hunter for The Washington Times

    SZAPARY: Europe's master plan

    The world was able to breathe a sigh of relief after last week's elections in Greece, as it looks as if Athens will try to keep the country's membership in the eurozone. But it won't be easy. Once the internal politics are settled and the new government is formed, leaders of the coalition government will inherit an economy in severe recession and the largest debt burden of any country in Europe.

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