Draghi passes halfway mark at ECB, still short of inflation target

The European Central Bank president is halfway through his job

Mario Draghi Pic: Bloomberg

Mario Draghi is halfway through his job and, by the strictest measure of his success, still far from his goal.

The European Central Bank president spent the first four years of his eight-year term battling to keep the euro area intact and winning over opponents to quantitative easing. In the second half of his tenure, if he’s lucky, he might actually meet his legal mandate of price stability.

When he clinks glasses with ...