At the end of October, Mario Draghi ceased to be president of the European Central Bank. He was replaced by Christine Lagarde, who in recent years was the director of the International Monetary Fund (in the meantime she was also convicted by a final judgment, but she avoided punishment due to immunity).
Draghi's eight-year term was marked by the printing of the euro on a massive scale. Debt from the euro area countries (mainly those close to bankruptcy) as well as some European enterprises was bought for the currency created from the air. Negative interest rates were also introduced, which in practice means that the cost of credit is very low, while interest on deposits is zero. This situation is obviously beneficial for borrowers and very bad for savers.
My old prediction. See ?