Mario Draghi retires
After eight years, Mario Draghi steps down as President of the European Central Bank. From November, his successor will be Christine Lagarde, who was Executive Director of the International Monetary Fund from 2011 to 2019. The last meeting of the Governing Council of the European Central Bank under the chairmanship of Mario Draghi took place today in Frankfurt. The Italian took over the chairmanship of the ECB in the midst of the euro crisis. Shortly after taking office, he announced in July 2012 that he would do everything in his power to save the euro. Despite adverse circumstances, he succeeded – even if his measures, such as the introduction of a negative interest rate for the banks, the lowering of key interest rates to an all-time low and the large-scale buying of bonds, caused a lot of criticism. BBC
Disclaimer
The information provided on this website is for general informational purposes only and does not constitute legal, tax, financial, or professional advice. While we strive to ensure accuracy and completeness, no guarantee is given regarding the timeliness, correctness, or completeness of the content. The content does not replace individual advice from qualified legal, tax, or financial professionals. Any actions taken based on the information provided are done at the user’s own risk. Liability for any direct or indirect damages arising from the use or non-use of the information presented is excluded to the fullest extent permitted by law.
(Image rights: ECB)