The global economy is already sailing in the uncharted waters of the asymmetrical threat of the coronavirus.
In the last systemic threat, in 2012, then ECB chief Mario Draghi famously said that "whatever it takes" would be done.
That assurance alone was sufficient to quell the fears of investors and raised the bar for the handling of analogous future crises.
European Central Bank Governor Mario Draghi will chair the last meeting in Frankfurt before resigning.
Many analysts expect the subsequent press conference to be rather ceremonial and uncharacteristically emotional for the banker, who will remain in the bank's history with his bid to save the euro "whatever it takes".
Christine Lagarde was endorsed by EU leaders as the next President of the European Central Bank (ECB).
The European Council endorsed Christine Lagarde as President of the ECB. She will replace the now former ECB President Mario Draghi from 1 November.
Earlier, her candidacy was endorsed by The European Parliament and the Council of the EU.