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And we start in europe after 8 years at the helm of the e. C. B. Mario druggy is final policy meeting is famous 2012 statement whatever it takes to preserve the euro at the height of the financial crisis will go down in history successes leaves behind a divided governing council last month a 3rd of its members oppose his move to restart quantity of easy printing money to buy bonds from governments and companies as a way of stabilizing the euro zone. His final press conference that ended just minutes ago he was asked by a reporter what kind of advice he has for his successor Christine Lagarde heres what he had to say. This is the she knows perfectly well what would she has to do and by the way she has a long period of time ahead you know we should have to floor him her own view too good that we can go in council about what to do but the stop here really. So that britain sells it doing a financial correspondent in the front 1st w ....
Do and by the way she has a long period of time ahead you know we should have to form her own view to get it with a go in council about what to do but the stop here really. In a frank 1st who is listening to this full statement he leaves an empty arsenal there for his successor Christine Legarde a chemist spector change of direction from. Christine lagarde and all of her public statements so far has sort of mirrored drive these policies she said this sort of highly accommodative policy is warranted if you look at the european economy at the same time there are sort of these of these bigger questions of what d does Christine Legarde have at her disposal now you know mario draghi has really taken Monetary Policy to the edge of whats possible and theres a there are definite questions about that there are a lot of dis ....
In the middle serbia vows to boost ties with russia while it also strives to become part of the e. U. It was all a lets do business will mario draghi be remembered as a hero the head of the European Central bank is said to hold his last meeting before handing over the reins several members of his governing council have publicly criticized his latest measures one top official even resigning over druggies new open ended bond buying scheme. The italian economist has been at the helm of the e. C. B. For 8 years now and they couldnt have been more turbulent. By 2010 the financial crisis that 1st struck in the us was spreading its contagion to europe economies banks entire nation seemed to be teetering on the edge when the euro came under massive pressure mario druggies comments about what he would do to save it made history the z. B. Is ready to do whatever it takes to preserve the euro. And it would take a lot by buying up sovereign ....