comment by Lisa NienhausWatching the President of the European Central Bank (ECB) these days, a Johnny Cash song may spring to mind. Yes, one wouldn't be surprised if Christine Lagarde hummed it to herself. It's called "I walk the line" and it's about the singer, despite the fact that many things could throw him off it, stay the course, stick to the rules, in the hope and the firm belief that he's doing the right thing. And of course it's...
Christine Lagarde has the French Saturday Supplement Madame Figaro recently gave an interview about women's rights, environmental policy, Ukraine and her great responsibility as ECB President - but one topic was missing: monetary policy and the question of how she intends to combat the record high inflation in the euro zone. You don't have to overstate the omission, but it shows that Lagarde probably prefers to talk about other topics right now.At the same time, many people are currently only...
Of Victor Gojdka, FrankfurtIt was an almost Victorian garden party that the then British Prime Minister David Cameron had invited to the stately Lancaster House. In addition to candlesticks and chandeliers, on July 24, 2012, he had handbags by the English star designer Vivienne Westwood drape, outside on the lawn in the blazing sunshine, Prince Charles and Finance Minister Christine Lagarde jokingly joined forces. Delegates ate a few bites from Michelin-starred chef Tom Aiken, who paired Scottish Loch Duart salmon...
Will it be a quarter or a half percentage point? The central bankers are under tremendous pressure in the face of record inflation. The decision will be announced shortly after 2 p.m. source site
Will it be a quarter or a half percentage point? The central bankers are under tremendous pressure in the face of record inflation. The decision will be announced shortly after 2 p.m. source site
Christine Lagarde begins her remarks with a joke. "None of them has aged too badly," said the President of the European Central Bank (ECB) on Monday in the Economic Affairs Committee of the European Parliament in Brussels. The Frenchwoman is invited to her usual hearing on the panel, but past appointments have been virtual because of the pandemic. Now Lagarde is back in person. Otherwise, her lecture and the exchange with the MPs are rather serious. After all, it's about...
Turnaround in monetary policy: The European Central Bank is reacting to the drastic inflation in the euro zone and intends to raise the key interest rate in July for the first time in eleven years. source site
EZB boss Christine Lagarde is preparing the financial markets for the scenario of an interest rate turnaround in July. Bond purchases are likely to be phased out early in the third quarter, followed by a rate hike that could possibly come "a few weeks later," the Frenchwoman told a conference in Slovenia on Wednesday. Most recently, a number of ECB representatives had announced an initial interest rate hike for July. On Wednesday, ECB President Frank Elderson raised the possibility that...
Good morning, dear reader, the glue of our society is justice. The same laws apply to everyone, but when it comes to taxes and duties, the state takes more from the rich to give to the poor so that the wealth gap does not widen any further. That's the theory. The practice looks different. The relationship between the wealthy and the low paid has long been out of balance, and the current crises threaten to destroy it entirely. Anyone who...
Valérie Pécresse looked disturbed as she said a few words in the entrance of the party building on Paris' Rue de Vaugirard. The night before she had achieved by far the worst result for the right-wing party in the first round of a French presidential election. "Debacle", "monumental crash", "colossal failure" - such words had been rained down on them from the media. And because the 4.8 percent of the votes she got are just not enough to get a...
