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Has ECB boss Mario Draghi got anything left in his box of tricks?

ECB president Mario Draghi hand overs to Christine Lagarde in November but low inflation still haunts the eurozone
ECB president Mario Draghi hand overs to Christine Lagarde in November but low inflation still haunts the eurozone

Running any central bank is hard enough, but spare a thought for European Central Bank president Mario Draghi.

The Italian, who steps into the spotlight tomorrow for almost the final time, took the job on in the teeth of an existential Eurozone debt crisis in 2011.

After eight turbulent years of sluggish growth, faltering efforts to hit his inflation target and even protesters storming his press conference in 2015, he leaves on the cusp of a downturn. So financial markets are again turning expectantly towards Frankfurt for more aid from the ECB chief’s box of tricks.

Even in more helpful circumstances, heading the ECB brings its uniquely difficult issues; namely the huge practical and political...

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