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Wednesday, April 7, 2010 as of 11:14 AM ET

Mario Draghi

Mario Draghi

Mario Draghi (; born 3 September 1947) is an Italian banker and economist who succeeded Jean-Claude Trichet as President of the European Central Bank on 1 November 2011. He was previously the governor of the Bank of Italy from January 2006 until October 2011.

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Related Topics

  1. Exit Strategies
  2. European Central Bank
  3. Rate Cut
  4. Central Bank
  5. Credit Crunch
  6. John Havens
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Use Of ECB's Overnight Deposit Facility Falls Monday

Banks' use of the European Central Bank's overnight deposit facility fell slightly Monday but remained extremely elevated, data released by the central bank showed Tuesday.

Banks deposited EUR768.25 billion with the ECB Monday, down from Friday's EUR789.715 billion.The amount of overnight deposits has jumped since the ECB pumped over EUR1 trillion into the euro-zone banking system through its three-year loans in December and February. ECB President Mario Draghi has said the two loans have prevented a potential credit crunch.Calls for further ECB intervention in the form of lower interest rates, additional liquidity measures or further ECB government bond purchases have resurfaced due to political uncertainty after recent Greek and French elections. Both votes favored politicians who advocate boosting economic growth rather than imposing further deficit-cutting austerity measures.Some ECB governing council members have made it clear recently that further action from the ECB shouldn't be ...

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  1. Euro Erases Loss; Draghi Says No Rate Cut Talk

    The euro erased losses against the dollar on Thursday after European Central Bank President Mario Draghi said the policy committee didn't discuss an interest-rate cu...

  2. Draghi: Economic Outlook Subject To Downside Risks

    European Central Bank President Mario Draghi on Thursday said the economic outlook remains subject to downside risks, tied in part to ongoing tensions in some sovere...

  3. Dollar Stays Up, Treasurys Slip After Jobless Data

    The dollar gained and Treasury prices slipped further on Thursday after a report said U.S. jobless claims fell more than forecast to 365,000 in the latest week. Yiel...

  4. ECB Holds Rates Steady

    The European Central Bank held interest rates at 1.0 percent on Thursday and will resist calls to do more to fight the euro zone crisis, putting the onus on governme...

  5. ECB Leaves Key Rate Unchanged At 1%

    The European Central Bank on Thursday left its main refi rate unchanged at 1%, as expected. ECB President Mario Draghi will host his monthly news conference at 8:30 ...

  6. France's Hollande Sees Support For EU Growth Drive

    French presidential election candidate Francois Hollande Friday said things are changing in Europe and there is growing support for his call for European policies to...

  7. EU Van Rompuy: Growth Debate Rightly At Center Stage

    It is the right time for a debate on growth to take center stage, European Council President Herman Van Rompuy said Thursday as he stressed that some countries have ...

  8. ECB's Draghi: 'Premature' To Begin 'exit Strategy'

    It's too early to consider an exit from the European Central Bank's accommodative monetary policy measures amid an unsettled economic backdrop, ECB President Mario D...

  9. Bank Of Israel's Fischer: Euro-Zone Exit Would Be "Extremely Costly"

    It would likely be "extremely costly" for a country to leave the euro zone, Bank of Israel Governor Stanley Fischer said Wednesday at the International Monetary Fund...

  10. Déjà Vu: Euro Debt Worries Slam Markets

    FOX Business: The Power to ProsperAfter fading into the background for several weeks, tension over the European debt crisis flared up again on Wednesday on the back ...

  11. Precious Metals Fall as Spainish Yields Rise

    On Wednesday, gold ( NYSEARCA:GLD ) futures for June delivery dropped $57.90 to settle at $1,614.10 per ounce, while silver ( NYSEARCA:SLV ) futures plummeted $2.22 ...

  12. Greek Banks May Turn To ELA

    Greek banks that will lose their access to funding from the European Central Bank during their recapitalization may receive funds from the Greek central bank's Emerg...

  1. ECB Halts Operations With Several Greek Banks

    The European Central Bank has stopped providing liquidity to some Greek banks as they have not been successfully recapitalized, the ECB said on Wednesday, confirming...

  2. Shelving Austerity for Growth Poses Big Risks

    The pendulum doesn't normally swing this fast.In a matter of a few short months, Europe has swung from a continent burdened by debt and consumed by the idea of auste...

  3. In the Eurozone, No End to the Gloom

    The euro zone economy worsened markedly in April, according to business surveys that clashed with the prospect of a gradual recovery augured by European Central Bank...

  4. MARKET SNAPSHOT: U.S. Stocks Deflate After ISM Services Index

    U.S. stocks fell Thursday after a gauge of the services sector fell in April, dampening cheer that came with better-than-forecast data on the labor market."Friday's ...

  5. MARKET SNAPSHOT: U.S. Stocks Deflate After Services Index

    U.S. stocks fell Thursday after a gauge of the services sector fell in April, which coupled with European concern, dampened cheer that came with better-than-forecast...

  6. Draghi: No Conflict Between Growth, Fiscal Pacts

    European Central Bank President Mario Draghi on Thursday said there was "no contradiction" between euro-zone countries adopting a "growth compact" alongside a "fisca...

  7. Draghi: ECB Didn't Discuss Rate Cut

    European Central Bank President Mario Draghi on Thursday said the bank's Governing Council didn't discuss a rate cut at its policy meeting in Barcelona. Speaking at ...

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