<a gi-track='captionPersonalityLinkClicked' href=/galleries/search?phrase=Mario+Draghi&family=editorial&specificpeople=571678 ng-click='$event.stopPropagation()'>Mario Draghi</a>, new President of the European Central Bank (ECB), speaks to the media following the first meeting of the ECB Governing Council with Draghi at the helm on November 3, 2011 in Frankfurt am Main, Germany. Draghi officially took over from Jean-Claude Trichet as ECB President on November 1 and announced an interest rate cut of 0.25 points from 1.5 percent to 1.25 percent.