Thread by @ecb

(THREAD) With Mario Draghi’s presidency coming to an end today, we look back at the past eight years and some of the key themes from his time as ECB President (1/9)

COMMITTED TO THE CURRENCY: Mario Draghi’s term was marked by the financial crisis. He is said to have saved the euro with his famous words #whateverittakes. At a time of concern, his words reassured Europeans of the ECB’s steadfast commitment to the single currency (2/9)

A SUPPORTER OF MULTILATERALISM: Mario Draghi stressed that we must work together across national boundaries to respond to worries about fairness, safety and equality (3/9)

A STRONG ADVOCATE FOR A BETTER EUROPE: European banking supervision was neither the start, nor the end of the reforms needed in Europe to restore stability and return to prosperity, said Mario Draghi one year after the ECB started supervising banks in Europe (4/9)

MODERNISING OUR TOOLKIT: Under Mario Draghi’s leadership, the Governing Council deployed new tools to help achieve our mandate of price stability, including asset purchases and long-term lending operations for banks (5/9)

STARTING FORWARD GUIDANCE: The ECB began to provide information about its future monetary policy intentions – a tool known as forward guidance. Mario Draghi described forward guidance as a major monetary policy tool (6/9)

NOT THE ONLY GAME IN TOWN: While the ECB can contribute to economic growth through monetary policy, other policy areas also need to play their part. Mario Draghi reiterated this on many occasions (7/9)

RECOVERY FOR EUROPE: Our measures achieve results:
➡️more than 11 million new jobs since 2012
➡️sustained economic growth for several years

How can we ensure future growth? We need to strengthen our Union, Mario Draghi emphasised in his final interview as ECB President (8/9)

We thank Mario Draghi for his leadership over the past eight years and wish him the very best for the future (9/9)