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Draghi to the Rescue With Geopolitics Spiking as Fed Withdraws

  • Fed liquidity placated markets despite cross-border clashes
  • Stocks show limited response to recent increase in terrorism
Mario Draghi, president of European Central Bank, speaks at the Bank of England Open Forum at the Guildhall in London on Nov. 11, 2015.

Mario Draghi, president of European Central Bank, speaks at the Bank of England Open Forum at the Guildhall in London on Nov. 11, 2015.

Photographer: Simon Dawson/Bloomberg
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As 2015 comes to a close, Mario Draghi is again trying to keep the European economy on track.

Next year, traders may well be counting on him doing the same for global financial markets if a rise in political tension and international violence proves long-lasting.