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Ecb mario draghi 2012 01 12

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ECB, holding euro rates steady, promises continued support for bloc's banks
ECB leaves benchmark rate at 1% to assess impact of cuts and other measures
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Mario Draghi: ECB is working on bond plan
The ECB will buy Italian and Spanish bonds on the open market, governments activate bailout funds to do the same.
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Ecb mario draghi 2012 01 12

ECB President Mario Draghi (above) told a news conference in Frankfurt today that last month's flood of cheap three-year loans is supporting confidence in the eurozone’s economy.

DANIEL ROLAND
AFP/Getty Images