News Summary: ECB to face Cyprus questions

News Summary: Markets await Draghi's views on Cyprus, rate cut not expected at ECB meeting

Associated Press

CYPRUS SOOTHING: European Central Bank President Mario Draghi will try Thursday to reassure markets that Cyprus's chaotic bail-out won't worsen the euro currency union's debt crisis.

TOO MUCH ADO? Last month Draghi dismissed fears that the euro area would be plunged into turmoil by the political deadlock in Italy as "the angst of the week."

EURO BONDING: Europe's markets and investors have been calmer since the ECB offered to help indebted countries by buying unlimited amounts of bonds. But any new political or financial turmoil raises the question of how long that calm will hold.

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