Sunday 19 November 2017

Charlie Weston: 'Super Mario' is seeking to shore up eurozone

SOON after Italian academic Mario Draghi took over as president of the European Central Bank, he reversed the strict policy course of his predecessor and delivered an immediate interest rate cut. He was soon dubbed Super Mario.

Two years later he is still at it, and has now presided over an ECB that has delivered five cuts in interest rates in an attempt to revive the flagging eurozone economy.

The eurozone rate is now down to 0.25pc – the lowest it has ever been.

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