Later today Mario Draghi will deliver his last public performance as head of the ECB. Mr Draghi will be remembered for saving the Euro, with his famous ‘whatever it takes’ speech, in 2012. However, today’s speech won’t just be a farewell filled with pleasantries. Many, even ECB insiders, aren’t happy about the latest round of stimulus and rate cuts announced in September so the outgoing President of the European Central Bank will be expected to explain that decision.
Photo by Thought Catalog.
The tone of his speech will be closely scrutinised, if Mr Draghi paints a dark picture for the Euro economies to justify last month’s actions, then there will be downside risk for the Euro.
