Huffpost Business

Mario Draghi: 'ECB Is Ready To Do Whatever It Takes To Preserve The Euro'

Posted: Updated:

LONDON, July 26 (Reuters) - European Central Bank President Mario Draghi pledged on Thursday to do whatever was necessary to protect the euro zone from collapse, including fighting unreasonably high government borrowing costs.

"Within our mandate, the ECB is ready to do whatever it takes to preserve the euro. And believe me, it will be enough," he told an investment conference in London.

"To the extent that the size of the sovereign premia (borrowing costs) hamper the functioning of the monetary policy transmission channels, they come within our mandate."

The euro rose and German bond futures turned negative after the comments.

Around the Web

Euro not in danger, asserts ECB President Mario Draghi - The ...

ECB's Draghi says euro not in danger | Reuters

ECB's Draghi: Euro Not in Danger - ABC News

Mario Draghi | Economist - World News, Politics, Economics ...

Mario Draghi has just weeks to save the euro, but will Germany let ...

Draghi Says ECB Will Defend Euro Within Mandate

Euro Turns Higher on Draghi Comments