Draghi Effect

Basically, an homage to the grand financial markets whisperer of the European Union.

Following Mario Draghi’s assumption of the presidency of the EU Central Bank in November 2011, the clouds surrounding the region’s sovereign debt crisis began to part; Interest rates, or yields, payable on bonds issued by European countries mired in financial trouble, like Greece and Spain, fell...which made it less expensive for these countries to borrow money. The appetite among investors for European sovereign bonds grew, the value of the euro vis a vis other currencies rose, the equity markets rallied, and the global macroeconomic outlook was bathed in sunshine.

This series of events was much happier than The Dragon Effect suffered by various constituencies on Game of Thrones.