The Latest Breaking News from European Central Bank

Mario Draghi, the central banker turned Italian prime minister, won plaudits for his calm leadership as Italy emerged from the coronavirus crisis but suffered the same fate as many of his predecessors, brought down by fractious internal politics.

Italy's President Sergio Mattarella dissolved parliament on Thursday, triggering a snap election, hours after Prime Minister Mario Draghi handed in his resignation amid a split in his ruling coalition.

ECB raises rates by half a point in its first hike in 11 years, UK government finances worsen amid record debt interest costs and Russia resumes limited gas supplies to Europe

Former European Central Bank chief had failed to secure support from coalition partners in confidence vote

Italy's political turmoil is making life harder for the European Central Bank as it hikes interest rates and raising bad memories of the eurozone debt crisis a decade ago

Italy has had dozens of governments since the end of World War II

Editorial: Early elections would destabilise the country, as a deeply challenging winter looms

ROME — Italy’s political parties are readying for possible snap elections, even as some of them redouble efforts to persuade Prime Minister Mario Draghi to rethink his determination to resign.

Ten years after Mario Draghi's "whatever it takes" pledge saved the euro, Italy is once again in the middle of a debt crisis - but the country's prime minister and former head of the European Central Bank may struggle to solve this one.

The euro is hovering close to parity with the dollar, falling to its lowest level in 20 years and even briefly touching a one-to-one exchange rate with the U.S. currency this week

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