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00:00The ECB is ready to do whatever it takes to preserve the euro . And believe me it will be enough. With these words ECB President Mario Draghi is credited by many with saving the euro . But he'd already proved willing to take decisive action. In his first two meetings he undid the 2011 rate hikes enacted by his predecessor Jean-Claude Trichet and later took the key deposit rate to an unprecedented 0 per cent to battle the Greek then European debt crisis. And that was just the beginning . Truly historic. The deposit rate has gone negative. That is historic for any major central bank. I would say that for for all practical purposes we have reached the lower bound as the European economy continued to deteriorate and bond yields surged . The ECB introduced quantitative easing in early 2015. Not everyone supported it. And opposition to the ECB was growing despite signs of recovery in growth and jobs. As Draghi approached the end of his term it became clear Europe still needed support. Additional stimulus will be required. This outlook is getting worse and worse. Maintaining calls for fiscal stimulus. Draghi cut rates again and controversially resumed QE reminding investors of his famous mantra The ECB is ready to do whatever it takes. So what next. For one thing Christine Legarde hopes to avoid his motto. I hope I never have to say something like that .

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Draghi: the Words and Actions Which Defined His Tenure

Three words -- whatever it takes -- define Mario Draghi’s time as European Central Bank president. The Italian proved he was willing to take decisive action throughout his controversial and sometimes dramatic tenure. (Source: Bloomberg)