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Lagarde's political bent leaves critics fearing for ECB independence

From politico.eu

Everyone expects Christine Lagarde to get political as the next European Central Bank president — but it could put the institution's independence in question. Lagarde is tipped by analysts to push the institution toward fighting climate change, lobbying governments to help stimulate the economy by spending more, and repairing internal rifts over the ECB’s own stimulus efforts: bond purchases and negative interest rates.That would push the ECB into the realm it has always tried to avoid: politics. Doubters say that if the former boss of the International Monetary Fund goes too far, it could jeopardize the ECB’s ... (full story)

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  • Category: Fundamental Analysis