Unlimited Bond Purchases: ECB Head Draghi Backs Up Pledge to Save Euro -- Spiegel Online
European Central Bank chief Mario Draghi on Thursday overrode German concerns and announced a program allowing for unlimited purchases of sovereign bonds from struggling euro-zone member states. The plan, however, is not without conditions.
The European Central Bank has resembled a sieve this week. Ahead of Thursday's much anticipated press conference, financial websites and business papers were full of reports detailing ECB President Mario Draghi's plan for holding down the borrowing costs of debt-plagued euro-zone member states. Discretion was in short supply.
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MIDDLE EAST
Syrian forces 'bombard south Damascus'.
Assad's man directs battle for Aleppo.
Syria rebels in Aleppo dig in their heels. Insight: In Aleppo, jets vs. rifles, as civilians despair.
Turkish jets hit Kurdish militant positions: sources.
Iran hosts Islamic resistance festival.
Senate hawks warn Iraq over aiding Iran. U.S. urges Iraq to inspect Iran supply flights to Syria.
Israeli military: Gaza militants hit by strikes while planting explosives on border.
Russia warns against attacking Iran over nuclear fears.
ASIA
Hong Kong goes to polls with many fuming over China influence.
Taliban behind quarter of Afghan troop attacks on Nato.
South Korea to hold exercise on disputed islands.
Pakistan orders expulsion of Save the Children staff.
More than 320 Shias killed in Pakistan this year in wave of sectarian attacks.
Tensions set to cloud APEC summit.
Hillary Clinton, top Chinese officials air some differences.
Inside China: Indian Ocean fortress.
AFRICA
Islamic radicalism hits ancient city of Mombasa.
Court frees jailed South African miners. Militant South Africa union snubs Lonmin 'peace deal'.
Trial of Gaddafi son likely to be delayed after spy chief arrest.
Libyan spy chief Senussi faces interrogation over Lockerbie and Yvonne Fletcher.
Libyan alleges waterboarding by C.I.A., report says.
EUROPE
ECB's Mario Draghi unveils bond-buying euro debt plan.
ECB holds rates as inflation eclipses growth risks.
Recession 'taking hold' in Eurozone, OECD says.
Greek unemployment surges to 24.4 pct in June.
Northern Ireland peace process is at risk, claims Martin McGuinness.
Putin: Russia can work with Romney if elected.
Russia's Putin defiant on Syria, says Romney "mistaken".
Unlikely Putin foe faces ouster from Russia assembly.
Migrant boat sinks off Turkish coast, 58 dead.
AMERICAS
Colombia's Farc 'to request ceasefire' in peace talks.
Costa Rica escapes serious damage from big quake.
Argentina declares another paid holiday this month.
In Haiti, Tropical Storm Isaac sparks cholera fears.
Hurricane Leslie to affect Bermuda, New England and Canada.
TERRORISM/THE LONG WAR
A new social media app: Cyberterrorism.
Al Qaeda operative killed in Kunar airstrike.
U.S. drone kills 5 suspected militants in Yemen.
How Yemen may defeat al-Qaeda.
ECONOMY/FINANCE/BUSINESS
Google picks Chile for its Latin America servers.
Amazon unveils new Kindle as tablet wars heat up.
S&P 500 reaches 4-year high, treasuries fall on bond plan.
Californians spend freely on Amazon.com before sales tax deadline.
Embattled Qantas joins hands with Emirates.
Debt forecast: U.S. will look like Greece by 2021.