Draghi Says ECB Will Do What’s Needed to Preserve Euro: Economy

This is the sole reason markets rallied today.  Let's see what German Chancellor Angela Merkel has to say in response.  Methinks she will take the punch bowl away.

http://www.bloomberg.com/news/2012-07-26/draghi-says-ecb-to-do-whatever-needed-as-yields-threaten-europe.html