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He left that role after a decade to join Goldman Sachs , where he remained until his appointment as Governor of the Bank of Italy in His tenure as Governor coincided with the Great Recession , and in the midst of this he was selected to become the first Chair of the Financial Stability Board , the global standard-setter that replaced the Financial Stability Forum. He left those roles after his nomination by the European Council in to serve as President of the European Central Bank. He presided over the institution during the Eurozone crisis , becoming famous throughout Europe for saying that he would be prepared to do "whatever it takes" to prevent the euro from failing.
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