Europe Markets

Euro-Zone Bonds at Record Highs as ECB Warns of Russia Risks

Tensions Between Russia, West Threaten Economic Recovery, ECB President Warns

Updated Aug. 7, 2014 12:48 p.m. ET

Safe-harbor government bonds in the euro zone climbed to record highs while the euro slipped Thursday after European Central Bank President Mario Draghi warned that tensions between Russia and the West over Ukraine pose a risk to the region's economic recovery.

Mr. Draghi said the central bank is ready to act if the economy stalls. The ECB had...

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