Mario Draghi

Italian economist, academic, banker and politician; former prime minister of Italy

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Born 1947 · age 79Italy

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Wikipedia
82 languages
Cross-language footprint
Age
79
Born 1947
Known for
Laboratory Greece
2019

Summary

Updated 2026-06-21

Three words from a central banker stopped a currency crisis: "whatever it takes." Draghi's 2012 promise to save the euro is the most quoted sentence in modern finance, and it worked—bond yields fell, panic receded, the eurozone held.

Biography

About

Born 3 September 1947, Draghi spent the 1980s as an economist at the World Bank in Washington before returning to Rome in 1991 as director general of the Italian Treasury. A decade later he joined Goldman Sachs, leaving in 2006 to become governor of the Bank of Italy just as the Great Recession hit. He chaired the Financial Stability Board from 2009, then moved to the presidency of the European Central Bank in 2011, arriving as the eurozone teetered. His unconventional bond-buying programs and that single iron-clad vow kept the currency from splintering; Paul Krugman later called him "the grea…

Voice

In their own words

Sourced, dated quotes from Mario Draghi

Mario Draghi

saidundated

Within our mandate, the ECB is ready to do whatever it takes to preserve the euro. And believe me, it will be enough.

— quartz

Mario Draghi

saidundated

In Greece, the position at the outset was particularly difficult, so now we have to be particularly patient with the country. That's no surprise.

— spiegel.de.

Mario Draghi

saidundated

It is too early to assess the policies of the new German government.

— spiegel.de.

Mario Draghi

saidundated

One needs a complex package of policies and, as we always stress, structural reforms come first, because many of the problems of the euro area are structural.

— indiainfoline.com.

Mario Draghi

saidundated