ECB's Draghi pledges to preserve the euro: reports ( EURUSD ) by MarketWatch
FRANKFURT (MarketWatch) -- European Central Bank President Mario Draghi on Thursday said the institution stands ready to do whatever it takes to save the euro, news reports said. "Within our mandate, the ECB is ready to do whatever it takes to preserve the euro. And believe me, it will be enough," Draghi said, according to Reuters. The ECB president spoke at an investment conference in London where he was scheduled to take part in a panel discussion. European equities rallied in the wake of the remarks, while U.S. stock index futures erased losses to turn higher. The euro (cur_eurusd) rose 0.6% versus the dollar to trade at $1.2215.