Charles Dumas, chief economist at research and analysis firm TS Lombard in London, said: "People won't look back at his period in charge as being quite such a glorious thing as it would have been" had he finished his tenure two or three years ago, when European growth was better. "I think he did his job at the time in the context of keeping everyone in the euro — difficulty is has he succeeded? Not really — what was needed was more than monetary policy alone is capable of doing," he said.
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