ECB boss Draghi: Countries must do more to support bond markets

The new president of the European Central Bank (ECB), Mario Draghi, has called on European leaders to aid bond markets by increasing the size of the eurozone bailout fund.

Draghi, speaking at an investment conference in Frankfurt, said it was time for countries to tackle the problems in the bond market, according to Bloomberg, hinting the ECB will not move to become the lender of last resort. "Where is the implementation of government pledges to bolster the region's rescue fund? We should not be waiting any longer," said Draghi. Draghi said the ECB will stick to its role of ensuring prices remain stable but warned it will not move towards making large-scale bond purchases to extinguish the threat of a full blown debt crisis. The comments come amid in...