Can Mario Draghi save the eurozone all over again?

Mario Draghi’s policy of doing “whatever it takes” is credited with ending the eurozone’s economic panic in summer 2012. Now, Europe is facing the spectre of deflation. Can Draghi pull it off again?

Mario Draghi, president of the European Central Bank (ECB) © Alex Kraus/Bloomberg via Getty Images

Mario Draghi: can he do it again?
(Image credit: Mario Draghi, president of the European Central Bank (ECB) © Alex Kraus/Bloomberg via Getty Images)

European Central Bank boss Mario Draghi is widely viewed as the man who saved the eurozone.

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John Stepek

John Stepek is a senior reporter at Bloomberg News and a former editor of MoneyWeek magazine. He graduated from Strathclyde University with a degree in psychology in 1996 and has always been fascinated by the gap between the way the market works in theory and the way it works in practice, and by how our deep-rooted instincts work against our best interests as investors.

He started out in journalism by writing articles about the specific business challenges facing family firms. In 2003, he took a job on the finance desk of Teletext, where he spent two years covering the markets and breaking financial news.

His work has been published in Families in Business, Shares magazine, Spear's Magazine, The Sunday Times, and The Spectator among others. He has also appeared as an expert commentator on BBC Radio 4's Today programme, BBC Radio Scotland, Newsnight, Daily Politics and Bloomberg. His first book, on contrarian investing, The Sceptical Investor, was released in March 2019. You can follow John on Twitter at @john_stepek.