"whatever it takes" speech

E596581

The "whatever it takes" speech is Mario Draghi’s landmark 2012 pledge as European Central Bank president to do everything necessary to preserve the euro, widely credited with calming the eurozone debt crisis.

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Label Occurrences
"whatever it takes" speech canonical 1

How this entity was disambiguated

Statements (48)

Predicate Object
instanceOf monetary policy communication ⓘ
speech ⓘ
addressedTo euro area governments ⓘ
financial markets ⓘ
investors ⓘ
audienceType investors and policymakers ⓘ
context eurozone sovereign debt crisis ⓘ
currencyConcerned euro ⓘ
date 2012-07-26 ⓘ
deliveredBy Mario Draghi ⓘ
deliveredInRole President of the European Central Bank ⓘ
economicImpact lowered financing costs for stressed euro area sovereigns ⓘ
event Global Investment Conference in London ⓘ
historicalSignificance credited with averting a breakup of the euro area by many observers ⓘ
example of the power of central bank forward guidance ⓘ
immediateEffect fall in yields on Italian government bonds ⓘ
fall in yields on Spanish government bonds ⓘ
reduction in borrowing costs for several eurozone countries ⓘ
influenced market expectations about ECB intervention ⓘ
subsequent ECB communication strategy ⓘ
issuerOrganization European Central Bank ⓘ
language English ⓘ
legalConstraintMentioned within the ECB mandate ⓘ
location London ⓘ
linked to: London, England
longTermEffect stabilization of the eurozone debt crisis ⓘ
strengthening of confidence in the euro ⓘ
mainQuote Within our mandate, the ECB is ready to do whatever it takes to preserve the euro. ⓘ
mainQuoteContinuation And believe me, it will be enough. ⓘ
mediaDescription "whatever it takes" pledge ⓘ
nickname whatever-it-takes pledge ⓘ
perception landmark central bank communication ⓘ
turning point in the eurozone crisis ⓘ
policyFollowUp announcement of Outright Monetary Transactions (OMT) programme ⓘ
policyTypeSignaled unlimited purchases of sovereign bonds under conditions ⓘ
politicalImpact reduced speculation about eurozone breakup ⓘ
purpose to calm financial markets ⓘ
to reduce sovereign bond yields in stressed euro area countries ⓘ
to signal strong commitment to preserving the euro ⓘ
regionConcerned euro area ⓘ
relatedCountryGroup eurozone member states ⓘ
relatedCrisis European sovereign debt crisis ⓘ
relatedInstitution European Central Bank Governing Council ⓘ
riskAddressed redenomination risk of the euro ⓘ
self-fulfilling panic in sovereign bond markets ⓘ
subjectMatter financial stability ⓘ
monetary policy ⓘ
sovereign bond markets ⓘ
year 2012 ⓘ

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Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

Mario Draghi → knownFor → "whatever it takes" speech ⓘ