Mario Mario Draghi
Media playback is unsupported on your device

Mario Draghi on ECB interest rate cut

The European Central Bank has cut interest rates back to their historic low of 1%, as expected by markets.

The decision comes just ahead of a "do-or-die" Brussels summit of EU heads to hammer out a plan to save the euro.

The ECB President, Mario Draghi, has told a press conference that "the outlook remains subject to high uncertainty and substantial downside risks".

Go to next video: Eurozone: US shows support