Mario Draghi, President of the European Central Bank (ECB) delivers his speech to the European Banking Congress, at the old opera house in Frankfurt, November 22, 2013. Draghi said on Friday that in ... more 
Mario Draghi, President of the European Central Bank (ECB) delivers his speech to the European Banking Congress, at the old opera house in Frankfurt, November 22, 2013. Draghi said on Friday that in addition to national backstops, joint European backstops need to be in place before the ECB's bank tests are finished in one year's time. The tests are billed as the most rigorous assessments the banks have ever had, designed to remove doubts about their health after botched EU stress tests in 2010 and 2011 which failed to reveal major problems at some lenders. REUTERS/Kai Pfaffenbach (GERMANY - Tags: BUSINESS) less 
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Reuters | Photo By KAI PFAFFENBACH / REUTERS
Fri, Nov 22, 2013 4:47 AM EST