Topic: Mario Draghi
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Eurozone crisis: Who wants what
A look at four central players in the eurozone crisis, and what they want.
All Content
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$1 million Apple heist: Thieves hit Paris store on New Year's Eve
$1 million Apple heist at the flagship store in Paris was a 'well prepared' operation, police said. Four armed thieves used the commotion around New Year's Eve festivities in downtown Paris to carry out the $1 million Apple heist.
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Euro officials cut a deal on Greek debt
Eurozone finance ministers agreed to give Greece the next installment of its bailout loan, totaling about $57.8 billion. Greece will soon enter its sixth year of recession.
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Stocks slide on Wall Street, extending sell-off
The potential for gridlock in Washington sent stocks spiraling downward for a second day straight Thursday. The Dow closed down 121 points, or nearly 1 percent.
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Dow loses 313 in post-election sell-off
Stocks plummeted during Wall Street's first day of trading after President Obama's reelection. Stocks also spiraled downward in the days after Obama's first victory.
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As 'fiscal cliff' looms, stock markets shudder at economic 'uncertainty'
Tuesday's election has stirred stock markets' concerns about the economy, with the Dow Jones falling 2 percent Wednesday. The reason: Washington appears poised for gridlock – again.
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Cover Story
Is Europe really on the brink?Europe's biggest crisis in the postwar era is not just about the economy. It's about a search for identity – and a rationale for staying unified.
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Europe unrest reverberates on Wall Street
A dip in home sales and unrest in Europe sent stocks sliding Wednesday, extending the longest losing streak for the S&P 500 since mid-July. European stocks had their worst day in months as unrest threatened to boil over in Greece.
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Spain's troubles worsen, sparking new phase for euro crisis
Spanish stock prices fall 3 percent Wednesday as Spain's bond rates rise above 6 percent and demonstrators take to the streets to protest anticipated cuts in government spending.
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Fed stimulus sends stocks soaring to 4-year high (+video)
US stocks rallied after news that the Federal Reserve will spend $40 billion a month to buy mortgage securities. Nearly four stocks rose for every one falling, and the Dow closed at its highest level since December 2007.
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ECB bond-buying boosts markets in early trading
European Central Bank's bond-buying plan continued to lift financial markets on Friday ahead of key US jobs data. European Central Bank president Mario Draghi unveiled a plan Thursday to to buy unlimited amounts of short-term bonds from euro countries that request help.
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Stocks soar to highest level in four years
US, European stocks surge in response to European Central Bank's plan to buy bonds to support struggling Spain and Italy. S&P 500 rises 28 points; the Dow jumps 244 points to close at 13292.
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Europe's bank promises to rescue ailing economies, but with strings
European Central Bank President Mario Draghi announced that the ECB would buy the bonds of ailing eurozone nations. But the plan's success turns on conditions that have yet to be spelled out.
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Merkel stands increasingly alone in opposing Greek eurozone exit
Germany's Chancellor Merkel is sticking to her position that Greece must stay – and that its exit could have unforeseen negative consequences. But the ranks of those who disagree are growing.
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The Reformed Broker
The market holds its breathAs Ben Bernanke and ECB President Mario Draghi get set to make speeches later this week, the stock market waits and hopes for good news.
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Stocks edge down as doubts mount about ECB action
Stocks fall slightly on one of the lightest trading days of the year. Stock market weighed down by doubts about how forcefully the European Central Bank might act to head off Europe's debt crisis.
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Eurozone economy shrinks. Germany ekes out growth.
Eurozone conracts by 0.2 percent for the second quarter. Germany manages a slightly better-than-expected 0.3 percent, while debt-laden euro nations shrink.
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Why gas prices climbed 13 cents in a week, and look set to keep going
Demand has been dropping, but supply problems are causing gas prices to rise again. A refinery fire in California and a broken oil pipeline in the Midwest are partly to blame.
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The Daily Reckoning
Mario Draghi's big bazooka: a weapon, not a cureMario Draghi's vow to do 'whatever it takes' to save the euro isn't an empty promise. But his new powers to act with overwhelming force at the central bank won't solve the eurozone's crisis.
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Stock market jumps at news that economy added 163,000 jobs in July
Wall Street reacts with glee to higher-then-expected job growth in July, led by the auto sector and restaurants. But for the millions of jobless, the key figure in Friday's report may be the unemployment rate, which ticked up to 8.3 percent.
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Stocks slump as Europe dithers
Stocks fall in Europe and the US as European Central Bank make no clear move on the euro debt crisis. The Dow falls 92 points.
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Markets tumble after European bank fails to promise bond bailout
The European Central Bank's announcement today expressed a willingness to prop up the bond market but without providing any specifics on how much it would spend, for how long, or starting when, dashing expectations that the continent had unified around a remedy for the eurocrisis.
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Geithner meets eurozone leaders: a step toward taming debt crisis?
In Europe, US Treasury Secretary Geithner backs the European Central Bank's pledge to do 'whatever it takes' to save the eurozone from a potential breakup and boost economic growth.
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Spain bailout? Market worries eased by ECB comments.
Spain bailout concerns have rattled markets in recent days. But stock markets rose after the European Central Bank hinted that it could intervene to lower the nation's borrowing costs, reducing the potential for a full-blown Spain bailout.
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Germany forfeits to Spain and Italy, agreeing to loan directly to banks
After weeks of refusing to yield, German Chancellor Angela Merkel agreed to allow eurozone bailout funds to be used to recapitalize struggling banks.
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Greece election gives Europe scant breathing room
While Greece is unlikely to withdraw from the Euro zone, Europe still needs to get its financial house in order quickly.
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