Draghi Pledged ‘Whatever It Takes.’ It Took 1.2 Trillion Euros
- Deutsche Bank points out odd confluence of 1.2 trillion figure
- Euro zone’s economy has grown the same amount as ECB’s actions
Euro Buoyed by Draghi's Lack of Concern on Strength
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So how much did it end up taking after European Central Bank President Mario Draghi memorably said five years ago he’d do “whatever it takes” to save the euro?
About 1.2 trillion euros ($1.4 trillion). That’s the amount that the ECB’s balance sheet has expanded in the half-decade since Draghi made those remarks at a conference in London (an ironic location from today’s post-Brexit perspective.)