Friday, July 27, 2012

European banking official's pledge raises hope for global economy

The head of Europe's central bank says that it would do whatever is necessary to preserve the euro. Although his remarks helped lift stocks in Europe and the U.S., the latest GDP report could be deflating.

WASHINGTON — The shaky global economy got a much-needed breather after Europe's top central banker pledged to do "whatever it takes" to preserve the euro.


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