Man in the News: Mario Draghi

FRANKFURT — The banker now in charge of rescuing the euro wants his top staff to take Sundays off. Mario Draghi, president of the European Central Bank, eschews long meetings and refrains from lecturing his colleagues, senior ECB officials say. Until Draghi took over a year ago, insiders say, the bank had a workaholic, micro-managed regime. But even as the Italian has proved ready to intervene in the markets and try policies that would have been unthinkable a few years ago, he has brought a freer, more hands-off culture to the bank.

Eurozone finance ministers named Italy's Mario Draghi on Monday as their chosen successor to head the European Central Bank come October, Eurogroup head Jean-Claude Juncker announced."We unanimously designated Mario Draghi to succeed Jean-Claude Trichet," Juncker said at a news conference. "Mario Draghi will be the new president of the ECB."Juncker said the Italian had both "an excellent international and European reputation" to take the helm of the Frankfurt-based bank."He has proven he is strongly attached to the euro" as well as to the European Union, he added.

Jean-Claude Trichet was more dove-ish than expected in his press conference today after the European Central Bank's (ECB) latest meeting. The city was surprised, but Mario Draghi may come to be grateful. You might not have taken Trichet for a dove, listening to his stern words about the "upside" risks to inflation. But in the strange world of ECB-watching these days, it's not what is said, but the precise words that are used to say it.

By Nigam Arora: It turns out that Mario Draghi is Super Mario. Mario Draghi is an ex-central bank governor of Italy who just took over from Jean-Claude Trichet the presidency of the European Central Bank (ECB).

By Zecco: By Paul Quintaro On Thursday, the president of the European Central Bank (ECB) Jean-Claude Trichet conducted a press conference.

Germany appears to be coming round to the idea of a former Goldman Sachs executive from Italy as Europe's top banker, having failed to install its own choice as the next European Central Bank chief.While the official line from Berlin continues to be that it is too early to speculate on who succeeds France's Jean-Claude Trichet at the helm of the ECB, recent leaks suggest Germany could live with Mario Draghi, dubbed "Super Mario."

Wolfgang Münchau, Financial Times columnist says There is no Spanish siesta for the eurozone If you think the European Central Bank’s policies have “bought time”, you should ask yourself: time for what? Greece’s debt situation is as unsustainable as ever; so is Portugal’s; so is the European banking sector’s and so is Spain’s. Even if the ECB were to provide unlimited cheap finance for the rest of the decade, it would not be enough.