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abtest

20 years on, dreams of euro rivalling dollar persist

By Alex Pigman | December 28, 2021 - 2:15pm

To the euro's most starry-eyed promoters, the currency was not only a leap of faith into European unity, but set up a rivalry...

Business

Draghi wins 1 vs. Bundesbank; but it's not over

August 6, 2012 - 4:18am

When he announced the European Central Bank's latest plans to drive down borrowing costs crippling Spain and Italy, ECB President Mario Draghi showed he was willing to overrule one of the most influential members...

Markets unimpressed by Draghi promises

August 3, 2012 - 3:01am

Financial markets were unimpressed on Thursday by the failure of the European Central Bank to announce immediate new measures to ease the continent's debt crisis.

Euro under pressure as summit optimism fades

December 15, 2011 - 2:00am

The euro slid below $1.30 on yesterday for the first time since the early days of 2011 and Italian borrowing rates rose ominously, as the optimism from a dramatic European summit last week fades with the realization...

Solution to eurozone debt crisis entails decade long: Merkel

November 6, 2011 - 10:03am

German Chancellor Angela Merkel said on Saturday that the settlement of the current eurozone's debt crisis will take at least a decade to complete.