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Mario Draghi

Eurozone recession is now longest in currency bloc
The eurozone is now in its longest ever recession — a stubborn slump that has surpassed even the calamity that hit the region in the financial crisis ...
G7 says Japan playing by currency rules
Finance leaders from the Group of Seven leading industrial economies say Japan's stimulus policies are directed at boosting its economy out of a ...
Spain, Italy team up to demand crisis relief
The premiers of Spain and Italy teamed up Monday to push the eurozone to focus more on spurring economic growth instead of just reducing debt — a move ...
Solid job gains in April ease fears about economy
The U.S. economy showed last month why it remains the envy of industrialized nations: In the face of tax increases and federal spending cuts, ...
EU predicts eurozone recession to continue in 2013
Europe will take longer to recover from its economic crisis as it tackles a worse-than-expected recession in the eurozone and unemployment at record ...
ECB cuts benchmark interest rate to 0.5 percent
The European Central Bank cut its key interest rate to a record low 0.50 percent Thursday and announced other measures to spur lending and help lift ...
Reactions to European Central Bank rate cut
The European Central Bank, which sets monetary policy for the 17 European Union countries that use the euro, cut its main interest rate by a quarter ...
ECB weighs rate cut as eurozone economy struggles
Economists say the European Central Bank could cut interest rates as soon as Thursday because of fears that the euro area's economy isn't recovering ...
Top ECB official cautions: rate cuts have costs
A top European Central Bank official warned Thursday that another interest rate cut might not be much help for eurozone countries in recession — ...
Predictions of ECB rate cut grow as growth fades
Evidence that Europe's economic downturn is weighing more heavily on its strongest member, Germany, has convinced more and more experts that the ...
Official: Cyprus lawmakers to vote on bailout deal
Cyprus' parliament must vote on the 23 billion euro ($30 billion) bailout deal the country has agreed upon with international creditors, the Cypriot ...
ECB's Draghi urges speedy banking union
European Central Bank President Mario Draghi urged the 17 countries that use the euro to move swiftly toward completing a full banking union to ...
US Treasury chief urges EU to ease off austerity
European countries should ease off their austerity and adopt more growth-friendly policies, U.S. Treasury Secretary Jacob Lew said Monday as he kicked ...
Financial hub Luxembourg under increased scrutiny
As the European Union's wealthiest country, Luxembourg could have been forgiven for thinking that it would never find itself on the bloc's financial ...
Draghi: ECB looking at new tools for growth
With the economy shrinking and unemployment rising, the head of the European Central Bank said it was looking at new measures to stimulate growth if ...
US is halfway to Obama 5-year export-doubling goal
Suddenly, outsourcing is on the way out and insourcing on the way in as the U.S. trudges unevenly toward President Barack Obama's goal of doubling ...
Japan central bank revamps policy to boost economy
Japan is taking aggressive action to lift consumer prices, encourage borrowing and help pull the world's third-largest economy out of a long slump.
ECB leaves key rate at 0.75 percent
The European Central Bank has left its key interest rate unchanged at a record low of 0.75 percent, holding off on further stimulus for the euro ...
ECB to face Cyprus questions at rate meeting
European Central Bank President Mario Draghi will try Thursday to reassure markets that Cyprus's chaotic bail-out won't worsen the euro currency ...
Wall Street holds its own after Cyprus 'no' vote
The latest twists in Europe's debt drama weighed down the stock market Tuesday, offsetting more good news on the U.S. housing market. The Dow Jones ...
Savings account seizure plan draws fury in Cyprus
A plan to seize up to 10 percent of savings accounts in Cyprus to help pay for a €15.8 billion financial bailout was met with fury Monday, and the ...
Europe eases the austerity whip _ a little
Three and a half years into its government-debt crisis, there are signs that Europe is adopting a gentler approach toward austerity. Political leaders ...
Draghi: Do more to promote jobs, growth
European Central Bank President Mario Draghi is urging indebted governments to move beyond spending cuts and tax hikes and introduce reforms that ...
Draghi: Reforms must continue despite social cost
European Central Bank President Mario Draghi has acknowledged that austerity measures and economic reforms can have heavy social costs — but argues ...