Draghi: the Words and Actions Which Defined His Tenure

Mario Draghi, credited with saving the euro, took decisive actions as ECB President, including reversing previous rate hikes and introducing unprecedented measures like negative deposit rates and quantitative easing. Despite opposition, these actions were crucial during the European debt crisis. As Draghi's term ended, the need for continued support was evident, with Christine Lagarde succeeding him, hoping to avoid repeating his famous 'whatever it takes' mantra.

What decisive action did Mario Draghi take in his first two meetings as ECB President?

• He increased interest rates.

• He reversed previous rate hikes.

• He introduced a new currency.

• He resigned from his position.

What was significant about the ECB's deposit rate under Draghi's leadership?

• It reached an all-time high.

• It was fixed permanently.

• It was abolished completely.

• It went negative for the first time.

When did the ECB introduce quantitative easing?

• In early 2018

• In mid-2012

• In late 2010

• In early 2015

What did Draghi emphasize as necessary despite signs of recovery?

• Increased taxation

• Additional stimulus

• Currency devaluation

• Austerity measures

What is Christine Lagarde's hope regarding Draghi's famous motto?

• To forget it completely

• To avoid ever needing to say it

• To repeat it frequently

• To make it the ECB's official slogan