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  • Spain's 10-year bond yield drops below 6%

    Investors drove up prices for Spanish bonds Friday, forcing yields to their lowest level since May, on hopes the European Central Bank will soon intervene in the market.

    The yield on Spain's 10-year bond fell to a low of 5.68%, dropping below the key 6% threshold for the first time in over three months. Italian bond yields also fell sharply, hitting a low near 5%.

    The spike in demand for Spanish and MORE

    - Sep 7, 2012 11:56 AM ET
  • Spain's 'bank walk'

    Spanish banks reported a sharp drop in deposits during July, but analysts say fears of a massive capital flight from the country may be overblown.

    In July, bank deposits in Spain declined by €74 billion, which is equal to about 5% of all deposits in the country, according to data from the European Central Bank.

    Some analysts viewed the drop as evidence that Spanish households and businesses were frantically pulling money out MORE

    - Sep 5, 2012 10:09 AM ET
  • Draghi: 'Exceptional measures' may be needed

    European Central Bank President Mario Draghi defended the euro currency Wednesday and reiterated that "exceptional measures" are justified to stabilize financial markets.

    In an op-ed published in German newsweekly Die Zeit, Draghi said the euro was launched as a "currency without a state," built on an "institutional framework" that left it vulnerable to crises.

    Draghi went on to say that the the euro area needs a "new architecture" to complete the monetary MORE

    - Aug 29, 2012 12:55 PM ET
  • Spanish and Italian stocks are red hot

    Spain and Italy have been a major source of concern for global investors, but you wouldn't know it from the stock markets in those countries.

    Monday was a down day for most European markets, but stocks have been rising across the continent since European Central Bank president Mario Draghi made his now-infamous remark that the ECB will do "whatever it takes to preserve the euro" late last month.

    Since Draghi uttered those MORE

    - Aug 20, 2012 12:44 PM ET
  • Europe is not fixed. Not by a long shot.

    France and Germany may be the standouts when it comes to economic growth in Europe. But that's not saying much.

    The opinions expressed in this commentary are solely those of Paul R. La Monica. Other than Time Warner, the parent of CNNMoney, and Abbott Laboratories, La Monica does not own positions in any individual stocks.

    Investors seemed relieved by the latest GDP figures out of Europe Tuesday. But why?

    Sure, I MORE

    - Aug 14, 2012 2:00 PM ET
  • Will Mario Draghi and the ECB deliver?

    After the Federal Reserve declined to spike the punchbowl Wednesday, fans of monetary stimulus are now entirely dependent on the European Central Bank for a fix.

    In leaving its policies unchanged, the Fed gave investors what they expected, but not what they wanted. Now, all eyes are turning to Frankfurt, where top ECB officials will meet Thursday for their monthly policy discussion.

    ECB president Mario Draghi raised the stakes last week when MORE

    - Aug 1, 2012 3:48 PM ET
  • Why Warren Buffett may be wrong on gold

    Don't expect Warren Buffett to fondle (or buy) any cubes of gold lately. The Oracle of Omaha is not a fan.

    The opinions expressed in this commentary are solely those of Paul R. La Monica. Other than Time Warner, the parent of CNNMoney, and Abbott Laboratories, La Monica does not own positions in any individual stocks.

    Warren Buffett is one of the world's most famous and successful investors. You have MORE

    - Jul 31, 2012 1:13 PM ET
  • Europe under pressure as German output declines

    The bad news just keeps piling up for Europe.

    An index of purchasing managers, formally known as the Markit flash eurozone PMI, came in at 46 in June, still showing contraction but unchanged from May. The index has been contracting since September, and it remains at the lowest level since 2009. The second quarter has also seen "the steepest downturn" in three years.

    The only glimmer of hope is that the PMI MORE

    - Jun 21, 2012 10:29 AM ET
  • Draghi stands ready to help

    Super Mario to the rescue! European Central Bank president Mario Draghi said Friday that Europe's central banks stand ready to "continue to supply liquidity to solvent banks where needed."

    Speaking at an ECB conference in Frankfurt, Draghi said strengthening European economic growth is a critical issue that needs to be addressed sooner rather than later.

    "There is a long-standing agenda on growth" he said, adding that "it is time to implement it MORE

    - Jun 15, 2012 8:23 AM ET
  • Should Draghi be more like Bernanke?

    The lack of a beard isn't the only thing that differs ECB president Mario Draghi from Federal Reserve chairman Ben Bernanke.

    Spanish 10-year bond yields have officially pulled a Kenny Loggins and ridden into the 7% danger zone. Italian bond yields are north of 6% again and climbing. And oh yeah, Greek elections on Sunday may lead to the end of a Hellenic presence in the euro and a MORE

    - Jun 14, 2012 12:41 PM ET
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