a very busy job because she like god already has said that she wants the e.c.b. to explain its monetary policy more and better so that the independence of our monetary policy makers is not put into question even more. than in frankfurt thank you. so e.c.b. they did mario draghi chairs his final governing council meeting today he ll go down as the man who saved the euro by slashing rights and buying up trillions of years worth of bonds he s headed the bank since november 20th 11 and before that god takes over druggy could take a negative interest rates even deeper into uncharted territory and restart quantitative easing in 2012 he made his most renowned policy statement to date in london saying he would do whatever it takes to protect the euro during the financial crisis began cutting rates historic low of 0 percent in march 26th jane is bond purchasing program oiled the euro zone s economic wheels unemployment
the wake of the greek debt crisis. as italy s former central bank chief took over the e.c.b. in november 20th 11 economists and the media were skeptical the global financial crisis was still reverberating through markets and the euro zone member greece was close to economic collapse but turkey didn t hesitate he set about encouraging lending within the eurozone with a string of rate cuts in march 26th seen they reached a historic low of 0 percent he s even handing on negative interest rates to his successor christine legarde something once considered thinkable the e.c.b. also bought 2.6 trillion euros of sovereign bonds from financially weaken member states and later private company bonds the cash injection saw the eurozone economy pick up speed again and unemployment reseed critics say asset purchases are a form of borrowing against future generations but doing whatever it takes to put