Reports on Christine Lagarde See all

Luis de Guindos

The end of central banking as we know it

The new Executive Board of the European Central Bank has shown remarkable unity under President Christine Lagarde’s leadership, even during the bitter trials of the 2020 pandemic. However, the team will face challenges. With respected economists working for her, the president – a lawyer and politician – could find herself overruled. The central bank could also neglect its main mandate while pursuing other concerns like inequality.

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