Mario Draghi strides into Trichet's Shoes Today marks the end of an era as the ECB press conference aren't going to be led by Mr MBT Shoes. dinar, Jean-Claude Trichet. In steps the Italian Mario Draghi who begins his terms as ECB President with a full plate of issues to work through. The sovereign debt crisis takes the headlines with the referendum in Greece threatening to derail last week agreement to jot down 50% of Greece debt, A recapitalization of eu  Christian Louboutin banks, Continued ECB bond purchases of side-line debt, And a scheme to get considerably more leverage of the EFSF to EUR 1 trn MBT shoes store. Recent economic data hints at an extended slowdown in European growth. Germany reported a rise in unemployment during the month of October, The first rise since march 2010. The Herve leger  German being out of work rate climbed to 7 MBT.0% totally between 6.9%. Forward looking data such as the German October manufacturers PMI survey fell to 49.1 at the hands of 50.3, Below the boom/bust quantity. With a monetary slowdown occurring in Europe largest economy, One must wonder how long it becomes before Draghi unwinds this year 0.50% interest rates increases? A key level to eye for the EUR/GBP entering the ECB press conference is 0.8550 where ever rising trend line from June 2010 comes in.