European economy

The farewell of (Super) Mario Draghi

• 31 October will mark the end of the mandate of Mario Draghi, a president who will leave a central bank at the cutting edge of monetary policy. • Under Draghi’s leadership, the ECB has offered significant support to the recovery of the euro area. However, the latest measures have raised doubts over the margin for action and effectiveness of monetary policy. • Christine Lagarde, with a less technical profile but a vision of continuity in monetary policy, will take over in a sombre economic environment in which signs of...