Three years after launching its giant bond-buying program, the European Central Bank is considering how to phase it out. Mr. Draghi hit back strongly in January at comments by U.S. Treasury Secretary Steven Mnuchin that weakened the dollar against the euro. Ilmars Rimšēvičs, the country’s central bank governor, was arrested last month as part of a criminal investigation into whether he extorted bribes. Silvio Berlusconi, a former prime minister whose center-right coalition was among the winners, has suggested he would like Mr. Draghi to take a senior role in government. Mr. Draghi told European lawmakers last week that the bout of volatility should be closely monitored.

Source: Wall Street Journal March 08, 2018 05:01 UTC