ECB Signals Bond Purchases Markets Surge after Draghi Vows to Protect Euro

It was the signal investors were waiting for. The European Central Bank "is ready to do whatever it takes to preserve the euro," its president, Mario Draghi said on Thursday. Markets leapt because the statement was a strong signal that the ECB will resume its program to buy the bonds of struggling euro nations.
ECB President Mario Draghi triggered a market rally with three sentences on Thursday.

ECB President Mario Draghi triggered a market rally with three sentences on Thursday.

Foto: Arne Dedert/ dpa
cro -- with wire reports