Mario Draghi, President of the European Central Bank (ECB), says it must drive inflation higher quickly, and will broaden asset-purchase program if needed. Photograph: EPA

Mario Draghi said the European Central Bank must drive inflation higher quickly, and will broaden its asset-purchase program if needed to achieve that(...)

Dutch finance minister and Eurogroup chairman Jeroen Dijsselbloem was due to attend IMF talks in Washington today. Photograph: Francois Lenoir/Reuters

Dutch finance minister and Eurogroup head Jeroen Dijsselbloem has cancelled a trip to the annual IMF meetings to deal with urgent domestic budget nego(...)

Cypriot president Nicos Anastasiades addresses the nation with a televised speech from the presidential palace in Nicosia in the wake of the bailout earlier this week. Photograph: Petros Karadjias/Reuters

Big depositors in Cyprus's largest bank stand to lose far more than initially feared under a European Union rescue package to save the island f(...)