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The head of the European Central Bank hit out at the political paralysis gripping the region as he warned the eurozone's set-up was "unsustainable". Mario Draghi said the central bank could not "fill the vacuum" left by member states' lack of action as it was claimed the zone is on the point of "disintegration".Amid escalating talk of a potential bail-out for Spain, the president of the ECB said the central bank was powerless to stop the debt tornado.
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Senior European officials last night issued a grave warning that the very survival of the euro is at risk as the crisis in Spain threatens to tear the region apart. Politicians and central bankers said the situation in the eurozone ... Read Post

Mario Draghi, the President of he European Central Bank, has said that the eurozone faces “disintegration” and that the eurozone’s set up is “unsustainable unless further steps are taken.” The comments made to the European Parliamen... Read Post

A vast area of the central U.S. was warned to prepare for storms on Monday, after tornadoes killed one and injured 21 in Oklahoma and also hit Iowa and Kansas. “After over 300 reports of severe weather on Sunday, another round of da... Read Post