WASHINGTON — Late summer is a beautiful time to be in scenic Jackson Hole, Wyo., particularly if you're an economic bigwig, but European Central Bank President Mario Draghi is canceling his reservations.
He's got a more pressing matter at home: trying to solve the European debt crisis.
The ECB said Tuesday that Draghi would not participate in the eagerly anticipated Jackson Hole Economic Policy Symposium later this week, the annual gathering of central bankers and economists hosted by the Federal Reserve Bank of Kansas City, according to media reports.
An ECB spokesman told CNN that Draghi would not attend "due to the heavy workload foreseen in the next few days."
The ECB's policymaking Governing Council — the European counterpart to the Federal Open Market Committee — meets next week and is trying to decide if it will buy bonds from struggling nations in the euro zone.