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ECB's Draghi says darkest clouds over eurozone have passed
The euro zone can begin 2013 with more confidence than last year but it is up to governments to carry the bloc forward with reforms while the European Central Bank delivers stable prices, ECB President Mario Draghi said on Tuesday. Draghi's pledge in July last year to do "whatever it takes" to preserve the euro and his follow-up plan for a new ECB bond-purchase programme helped bring the euro zone back from the brink of break-up. In a new year's speech, the central bank chief highlighted the impact the bond plan - dubbed Outright Monetary Transactions (OMT) - has had on easing tensions but put the onus on ... (full story)
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