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<p>President of European Central Bank Mario Draghi adjusts his glasses during a press conference in Frankfurt, Germany, Thursday, July 5, 2012. The European Central Bank has cut its key interest rate by a quarter percentage point to a record low of 0.75 percent to boost a eurozone economy weighed down by the continent's crisis over too much government debt. The move followed a rate cut by China's central bank and new stimulus measures by the Bank of England as global financial authorities seek to shore up a slowing global economy. European leaders last week agreed on new steps to strengthen market confidence in their shared euro currency bloc. They agreed to set up a single banking supervisor to keep bank bailouts from bankrupting countries and made it easier for troubled countries to get bailout help. Those steps helped calm financial markets, which have expected the ECB to follow up with more help in the form of a rate cut. (AP Photo/Michael Probst)</p>

<p>President of European Central Bank Mario Draghi adjusts his glasses during a press conference in Frankfurt, Germany, Thursday, July 5, 2012. The European Central Bank has cut its key interest rate by a quarter percentage point to a record low of 0.75 percent to boost a eurozone economy weighed down by the continent's crisis over too much government debt. The move followed a rate cut by China's central bank and new stimulus measures by the Bank of England as global f…

July 31, 2012

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All eyes on European Central Bank's Draghi to fight crisis
July 31, 2012 9:15 p.m.

All eyes on European Central Bank's Draghi to fight crisis

FRANKFURT, Germany - European Central Bank president Mario Draghi has already taken Europe's monetary authority into uncharted territory.