Christmas Features 2019 

European equities: over to you, Christine

European equities: over to you, Christine

On 31 October, Mario Draghi stepped down as the president of the European Central Bank (ECB). To some, he will be remembered as the general who failed to fire his pistol in eight years of war; a figure whose record of massive asset purchases and unprecedented negative interest rates has wildly distorted markets, and missed its stated aim to lift inflation. To others, he will forever be ‘Super Mario’ – immortalised by his 2012 commitment to do “whatever it takes” to preserve the euro and save the eurozone from collapse.

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