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"The euro is like a bumblebee. This is a mystery of nature because it shouldn’t fly but instead it does," says Draghi (Photo: guysie)

ECB chief indicates upcoming help for Spain

Markets rallied after European Central Bank chief Mario Draghi on Thursday (26 July) pledged to do "whatever it takes" to salvage the euro and suggested the bank may buy more government bonds.

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

Among these tools is a bond purchasing programme w...

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"The euro is like a bumblebee. This is a mystery of nature because it shouldn’t fly but instead it does," says Draghi (Photo: guysie)

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