Mario Mario Draghi
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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".

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