AP News

News Summary: ECB Draghi urges euro rescue support


EURO PITCH: European Central Bank head Mario Draghi urged skeptical Germans to support his efforts to rescue the euro, arguing that "exceptional measures" could be used to restore stability across the 17-country eurozone.

BUY BONDS: The ECB is working on plans for a bond-buying program aimed at lowering the borrowing costs of debt-ridden governments, including Spain and Italy. That has sparked a fierce debate in Germany, which is the biggest backer of Europe's financial rescue efforts.

NOT ON OUR DIME: The head of Germany's central bank opposes the ECB bond plans, as do some economists and conservative politicians.


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