Mario Draghi

Negative deposit rate fears shade ECB's record cut

2 May 2013

The central bank, which sets interest rates for the 17 European Union countries that use the euro, cut its benchmark rate by a quarter of a percentage point to a record low of 0.5 per cent.

5:00AM

ECB stands ready to ease policy if needed, says Draghi

5 Apr 2013

European Central Bank President Mario Draghi said the bank stands ready to cut interest rates if the economy deteriorates further, and officials are considering additional measures to boost growth...

5:10AM

EU climbing out of crisis

15 Jan 2013

European leaders declaring they have gained the upper hand in the three-year-old debt crisis are sharpening efforts to channel a rebound in financial markets to an economic recovery to chip away...

4:16AM

Euro stops two-year loss on Mario Draghi commitment on debt crisis

31 Dec 2012

The euro halted a two-year losing streak as European Central Bank president Mario Draghi's commitment to backstop the shared currency stymied a debt-contagion threat.

4:58AM

Draghi leaves rate-cut door ajar as ECB lowers economic forecasts

7 Dec 2012

The European Central Bank lowered its economic and inflation forecasts, and president Mario Draghi said weakness would persist into next year, leaving the door ajar for further interest-rate cuts...

3:23AM

Euro zone, IMF agree on new deal Greek debt deal

27 Nov 2012

Euro zone finance ministers struck a new deal with the IMF early on Tuesday to slice more than 40 billion euros (US$52 billion) off Greece’s massive debt burden by 2020 – in turn freeing up long-...

9:52AM

Opinion

Jake Van Der Kamp

EU fails to adapt to borderless world

4:35AM

Howard Winn

Ferry companies shouldn't be subsidised while they burn dirty fuel

2:53AM

Business Digest, October 29, 2012

Stock sell-off to greet Milan Station warning

5:08AM

ECB holds key rates steady

The European Central Bank held its key interest rates at their current record low here on Thursday, and is also likely to hold fire on other key policy moves for now, analysts said.

8:41PM

European lenders renege on vow to slash assets

European banks promised last year to cut more than US$1.2 trillion of assets to help them weather the sovereign-debt crisis. Since then, they have grown only fatter.

3:10AM

Mario Draghi reverses previous euro policy