Assurances on Euro by Central Bank Chief Lift Stocks

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opednews.com Headlined to None 7/26/12

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The European Central Bank appears increasingly willing to throw around its weight in bond markets to hold down borrowing costs for Spain -- or at least wants traders to worry that it will. The euro and European stocks rose sharply Thursday after Mario Draghi, president of the E.C.B., said in London, "Within our mandate, the E.C.B. is ready to do whatever it takes to preserve the euro."

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