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30 September 201910.32 The ECB has ammunition to use, extraordinary stimuli that could be needed for a long time, in the absence of the support of the budget policy. So the president, Draghi, to the Financial Times. "All the tools, from the interest rates to the Qe, the guidelines are ready to be calibrated, "says Draghi, who deems necessary a common budget, fiscal union and shared EU budget. Christine Lagarde? He will be an "exceptional" ECB president, given that "he successfully led the IMF and his staff of economists in difficult times".