About: Mario Draghi

ECB to start bond purchases on March 9

The European Central Bank will start buying government debt in its new quantitative easing programme on March 9, ECB chief Mario Draghi said on Thursday.

Doubts loom over Draghi’s ‘political’ bond-buying scheme

European Central Bank president Mario Draghi grabbed the spotlight on Thursday, as he announced Europe's latest hope to revive its weak economy: the so-called quantitative easing, or a bond-buying scheme of 60 billion euros a month.

ECB launches bond-buying scheme of €60 billion per month

The European Central Bank announced on Thursday it will buy bonds worth 60 billion euros per month until September 2016, aiming to achieve a "sustained adjustment in the path of inflation"

Markus Ferber: bond-buying scheme is beyond ECB’s mandate

German EPP MEP Markus Ferber showed strong opposition to the European Central Bank's expected decision to launch a bond-buying scheme on Thursday.

Draghi: Rumours are unfounded, I will stay at the ECB

Responding to media speculation over his future, ECB president Mario Draghi said on Monday that rumours about his exit are “unfounded” and come from “interested parties”.

ECB cuts interest rate to 0.15%

Speaking to journalists after its monthly Governing Council meeting, ECB president Mario Draghi said that the ECB has decided to cut interest rates to 0.15%.

Draghi hints ECB may act in June, keeps interest rates unchanged

The European Central Bank is ready to take action next month to boost the euro zone economy if updated inflation forecasts merit it, its president said on Thursday, warning outsiders not to pressure the bank into action.

EU ministers agree 3-part bailout loan for Greece

Eurozone finance ministers approved on Tuesday the latest bailout aid for Greece, ending a six-month stand-off between Athens and its international lenders.

EP Best of 2013: main events and legislative work

Video highlights of the European Parliament's work throughout 2013, grouped by theme: More Europe, Legislative Work, Foreign Relations, and Education & Culture.   Comment on:  Google+ - http://tinyurl.com/orh99s6 Facebook - http://www.facebook.com/europeanparliament Twitter - https://twitter.com/Europarl_EN

European Commission on a potential bailout for Slovenia

The European Central Bank is interested in Slovenia applying for aid from the European Stability Mechanism (ESM), the euro zone's bailout mechanism, according to German business daily Handelsblatt. Slovenia has been in recession since last year and is struggling to avoid an economic bailout. On Friday Slovenian officials said they would liquidate two small banks to ensure the financial stability of its banking system.

EU unveils gloomy eurozone growth forecast

The eurozone economy will shrink more than expected this year, according to the European Commission which published its Spring Economic Forecast on Friday. The Commission's outlook also showed that 4 of the largest euro zone economies – France, Spain, Italy and the Netherlands – will be in recession throughout 2013. Only Germany's economy will grow.

Draghi slams handling of Cyprus bailout

ECB president Mario Draghi on Thursday slammed the Cyprus negotiators for their initial proposal of making small savers pay for the country's bailout, He called the idea 'not smart, to say the least'. Draghi was quick to add that the proposal of imposing a levy on small savers did not come from the ECB.

ECB’s Draghi presents eurozone rescue plan

This is the man who claimed he can save the euro. After weeks of uncertainty, European Central Bank's chief Mario Draghi on Thursday unveiled a much-awaited bond-buying plan. The scheme includes buying 'unlimited' amounts of short-term government debt from troubled countries and it is designed to lower the borrowing costs of Italy and Spain. Draghi also said the scheme was a "fully effective backstop" and that the euro was "irreversible".

MEPs disclose Draghi’s bond-buying plan

Despite strong German opposition, the ECB could buy government bonds maturing in three years or less. This is what European Central Bank chief Mario Draghi suggested to a closed hearing at the European Parliament on Monday, according to MEPs present. "I understood the exchange in such a way that in the future there will be again interventions by the ECB." ALSO "I would see this in such a way that there could be tensions in the ECB Board, that's why he did not wanted to comment in public.", said Sven GIEGOLD (Greens/ALE, DE).

EU to unveil banking union plan on Sept 12th

European Commission president Jose Manuel Barroso said on Thursday that he will unveil a banking union proposal on September 12th. The proposal will coincide with his "State of the Union" speech at the European Parliament, and will outline a plan that could see the European Central Bank increasing its powers of supervision and intervention. The banking union is expected to focus on euro-zone members, as non-eurozone countries are likely to opt-out.

EC presents plan for crisis banks

The European Commission on Wednesday unveiled a new proposal that will protect taxpayers from banks that go bust. Under the new draft legislation, shareholders and creditors would be forced to accept losses of troubled-banks instead of using public-funded bailouts. The new plan also allows member states to take control of crisis-hit banks and replace the management. Each institution would also have to create a special fund dedicated specifically for potential future crises.