The challenges facing Christine Lagarde

Christine Lagarde and Mario Draghi at the ECB.
L to R: ECB president Christine Lagarde with predecessor Mario Draghi
Photo: European Central Bank

Christine Lagarde became the European Central Bank’s fourth president on November 1, during tough time for eurozone monetary policy. Not only has the ECB failed to meet its target of eurozone inflation of under but close to 2%, but a range of economic data shows inflationary pressures further weakening. Lagarde took the reins two months after the ECB’s governing council reached one of the most controversial decisions in its history, when a majority supported the restart of purchases of sovereign

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