ECB staff committee protests over bank’s ‘misuse’ of powers
Letter claims president and fellow board member do not practise the values they preach
The European Central Bank’s staff committee has accused its president Christine Lagarde and a fellow member of its executive board of not abiding by the principles they recently professed to hold dear.
The four-page letter, sent yesterday (July 28) and seen by Central Banking, reflected on an opinion piece by ECB president Christine Lagarde and a speech on June 7 by Frank Elderson, both of which extolled “European values” such as the rule of law.
The letter – signed by the committee’s spokesperson
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