European Central Bank leader, Mario Draghi kills hope of instant action, European Central Bank signals that it stands ready to intervene in sovereign bond markets to lower borrowing costs of weaker economies
Latest news about finance crisis in Italy and Spain we reporting, Italy and Spain coy over rescue fund aid, Monti and Rajoy decline to say whether they would request that Europe's rescue fund buy their governments' debt after the ECB says such aid demands strict conditions
On previous news, ECB keeps 'shock and awe' for another day, Draghi pushing ahead with response to crisis as fast as he can, while trying to address German reservations about long-term inflation risks
From Madrid we reporting, Spanish and Italian bond yields jump, Yields on Spanish 10-year debt jump above 7 per cent again and those of Italy surged as the ECB fails to announce immediate measures
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