Tag: ECB president

• Thursday, November 3rd 2011 - 14:47 UTC

  ECB under new president Draghi lowers interest rate 25 points to 1.25%

  

  The European Central Bank cut its main interest rate by 25 basis points to 1.25% as the Euro zone's worsening debt crisis outweighed the concern over persistently high inflation.

• Wednesday, July 13th 2011 - 18:49 UTC

  Europeans countries borrowing on Germany’s credit rating is over, says Dragui

  

  Europe’s debt crisis has entered a new phase and policy makers must come up with a “clear” response to stop the contagion that threatens the region’s single currency, said the European Central Bank’s incoming President Mario Draghi.

• Thursday, May 12th 2011 - 20:05 UTC

  Italy’s Draghi receives support from Angela Merkel as next ECB president

  

  German Chancellor Angela Merkel expressed support for Italy’s Mario Draghi as the next president of the European Central Bank, removing the final obstacle to his appointment to Europe’s top monetary post.