Mario Draghi World Economic Forum 2013 crop. Italian economist serving forex zeit the President of the European Central Bank since 2011.
Draghi previously worked at Goldman Sachs from 2002 until 2005. In 2014, Draghi was listed as the 8th most powerful person in the world by Forbes. His father Carlo joined Banca d’Italia in 1922, later IRI and in the end Banca Nazionale del Lavoro. From 1984 to 1990 he was the Italian Executive Director at the World Bank. In 1991, at the initiative of the then Minister Guido Carli, he became general director of the Italian Treasury, and held this office until 2001.
He worked on the firm’s European strategy and development with major European corporations and governments. Draghi is a trustee at the Institute for Advanced Study in Princeton, New Jersey and also at the Brookings Institution, in Washington, D. In his capacity as Bank of Italy governor, he was a member of the Governing and General Councils of the European Central Bank and a member of the Board of Directors of the Bank for International Settlements. Draghi was frequently mentioned as a potential successor to Jean-Claude Trichet, whose term as President of the European Central Bank ended in October 2011.
Draghi with Dominique Strauss-Kahn and Jean-Claude Trichet. Draghi as President of the ECB. Concerns were also expressed during the candidacy about Draghi’s past employment at Goldman Sachs. Mario Draghi at the World Economic Forum, in 2012. In July 2012, in the midst of renewed fears about sovereigns in the eurozone, Draghi stated in a panel discussion that the ECB “is ready to do whatever it takes to preserve the Euro. And believe me, it will be enough. In April 2013, Draghi said in response to a question regarding membership in the eurozone that “These questions are formulated by people who vastly underestimate what the euro means for the Europeans, for the euro area.
They vastly underestimate the amount of political capital that has been invested in the euro. In 2015, in an appearance before the European Parliament Draghi said that the future of the eurozone was at risk unless member countries gave up some independence and created more Pan-European government institutions. We have not yet reached the stage of a genuine monetary union,” the central bank president, Mario Draghi, said in a speech to the European Parliament in Brussels. We haven’t really thought or talked about helicopter money. It’s a very interesting concept that is now being discussed by academic economists and in various environments. But we haven’t really studied yet the concept.
Prima facie, it clearly involves complexities, both accounting-wise and legal-wise, for our view, but of course by this term “helicopter money” one may mean many different things, and so we have to see that. Draghi is a member of the Group of Thirty founded by the Rockefeller Foundation. The Group of Thirty is a private group of lobbyists in the finance sector. Exchange Rates and International Financial Economics: History, Theories, and Practices. Economic Thinkers: A Biographical Encyclopedia: A Biographical Encyclopedia. Germany gives green light to Draghi”.
Archived from the original on 14 March 2012. Goldman Sachs – Press Releases – Professor Mario Draghi Joins Goldman Sachs”. Bloomberg – Are you a robot? Federal Reserve Bank of Kansas City. Maintaining stability in a changing financial system: a symposium. It Takes a Pillage: An Epic Tale of Power, Deceit, and Untold Trillions. Crisis, Risk and Stability in Financial Markets.