European Central Bank President Mario Draghi told media outlet Europe 1: "We have not yet emerged from the crisis. The recovery for most of the euro zone will certainly begin ... Read Full Story »
The most important story out of Europe today is that Greece has been given an extension to reach its austerity and budget goals. The region's finance ministers did not have ... Read Full Story »
With President Mario Draghi out in front, the European Central Bank announced its new bond-buying program. The organization said the "sky is the limit." It will purchase whatever sum of sovereign paper that is ... Read Full Story »
ECB President Mario Draghi has not backed away from his assertion that the bank can buy the short-term paper of Europe's weakest nations. Some of his allies were worried that the resignation ... Read Full Story »
Rates Drop on Threat of ECB Action ECB President Mario Draghi has not backed away from his assertion that the bank can buy the short-term paper of Europe's weakest nations. Some of ... Read Full Story »
Crude Drops Despite Hurricane Oil traders ignored the fact that Hurricane Isaac, now a Category 1 storm, stepped ashore in Louisiana. WTI crude actually dipped nearly $1 to $95.55. Despite ... Read Full Story »