Thank you, Mario!

​​​On November 1, Mario Draghi officially concluded his duty as president of the European Central Bank (ECB) after eight challenging years, yielding the floor to the former International Monetary Fund Chairman Christine Lagarde who will have to face as many issues as her predecessor. It is undeniable how relevant the ECB has been during the past years in managing the post-crisis period and maintaining the eurozone stability. If we look back to the huge problems we have been able to face without bearing tremendous consequences, a big tribute should be paid to our former ECB president Mario Draghi, who will be remembered in our modern history books for the famous sentence: “ECB is ready to do whatever it takes to preserve the euro and, believe me, it will be enough” (July 12, 2012). How could a non-elected head of an economic institution be able to ask European people to trust him? Did he keep his word?

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