Financial markets rose Thursday after European Central Bank head Mario Draghi raised expectations it might step in and buy the bonds of debt-burdened eurozone members.
Draghi said in London that the ECB would "do whatever it takes to preserve the euro" and added, "believe me, it will be enough."
He discussed the high borrowing costs being imposed on some countries' bonds, saying that "they come within our mandate" — but only if those costs are stopping the ECB's interest rate policies from being implemented throughout the 17-country eurozone.
Read more: Draghi pledges to do ‘whatever it takes’ to save euro - Business - CBC News
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