ECB Plan Cuts ‘Drama’ From Aid Requests: Monti
ECB President Mario Draghi’s plan to buy bonds and drive down the interest rates for eurozone countries in trouble has lessened the stigma of asking for help, according to Prime Minister Mario Monti of Italy.
ECB Holds Rates as Draghi Reveals Plan
The ECB held interest rates where they were as its president, Mario Draghi, presented his bond-buying plan designed to save the euro.
ECB Battle: Draghi vs. Weidmann
ECB President Mario Draghi is challenging Bundesbank President Jens Weidmann’s opposition to a plan for the ECB to reenter the bond markets.
Draghi’s Dilemma: ‘Whatever it takes’ Could Alienate Fellow ECB Members
Mario Draghi, president of the ECB, may have painted himself into a corner with his London speech on Thursday promising to do “whatever it takes” to rescue the euro.
Greek Debt Writedown May Top 60%
A debt crisis summit meeting of European leaders scheduled for October 18 was pushed back to October 23 amid a disagreement about the amount of Greek debt to be written down.
PIMCO's El-Erian Sees Higher Risk of Recession in U.S., Eurozone
CEO of PIMCO sets odds of eurozone recession at 50%, U.S. between 33%–50% as ECB ponders interest rate cut to forestall double-dip.