BERLIN (Reuters) – European Central Bank Chief Mario Draghi has thrown his weight behind a proposal by German Finance Minister Wolfgang Schaeuble to radically expand the powers of the European Union's monetary affairs commissioner. In an interview with German magazine Der Spiegel four days after defending his bond-purchase program in the country's lower house of parliament, Draghi also said he did not expect his Outright Monetary Transactions (OMT) plan to cost the taxpayer anything. …

Politics News Headlines – Yahoo! News