Euro Crisis

European Central Bank Ready for "Exceptional Measures"

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European Central Bank President Mario Draghi has spoken out in favor of taking exceptional steps to ensure price stability in the euro area. But he said such measures would still have to be within the bank's mandate.

ECB President Mario Draghi told the German newspaper Die Zeit on Wednesday the central bank would do what is required to safeguard price stability in the debt-stricken eurozone.

"The ECB will remain independent and will always act within its mandate, but it should be understood that fulfilling our mandate sometimes requires us to go beyond standard monetary policy tools," Draghi said.

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