Draghi unveils crisis measures to boost euro confidence

European Central Bank chief Mario Draghi has unveiled an emergency bond-buying programme aimed at helping bring an end to the eurozone’s long-running debt crisis. The 65-year-old Draghi saw off opposition from members of Germany’s powerful financial establishment to announce that the ECB would sovereign debt as a way of stemming borrowings costs of cash-strapped euro members, German Press Agency dpa reported. The ECB would only consider buying the debt of nations if they agree to what he said were “strict” conditions set by the eurozone bailout fund. The programme also targets government debt with relatively short maturities.y