Speaking in Bratislava , Slovakia , ECB President Mario Draghi said the central bank is `` ready to act if needed . '' Once you announce intervention , you remove the incentive for countries to put the necessary structures in place . '' The European Central Bank has been under pressure from markets and politicians for months over its plans to buy up billions of euros worth of government bonds by buying them directly with newly printed money. Greece , Spain are both suffering with unemployment above 27 % while Italy struggling with high government debt .
Speaking in Bratislava , Slovakia , ECB President Mario Draghi said the central bank is `` ready to act if needed . '' The European Central Bank has been under pressure from markets and politicians for months over its plans to buy up billions of euros worth of government bonds by buying them directly with newly printed money. Greece , Spain are both suffering with unemployment above 27 % while Italy struggling with high government debt .