Christine Lagarde

ECB Bundesbank

The ECB Responds Without Hesitation To German Constitutional Court Ruling But Must Build Bridges

Intermoney | In the name of the ECB independence, Christine Lagarde, made it clear that the only guide for the institution is the fulfilment of its mandate and no resources or efforts will be spared in this task. Once the central bank has made it clear that it does not accept the authority of the German courts, it must move on towards a more political phase in which it can build bridges and provide a solution to the problem. If it does not do so within three months, the Bundesbank could find itself in a difficult legal mess.

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The ECB poised to loosen money conditions

JP Marín-Arrese | Christine Lagarde’s nomination ensures the ECB will fully preserve Draghi’s heritage. It will certainly deliver a substantive loosening in monetary policy over the coming months. Everyone expects the first move to materialise this week, probably a rate cut. Anything short of a clear message in the coming press conference would deeply disappoint the markets. Whatever happens next Thursday, more robust action will materialise before the year close.


Praising recovery in tailor-made Global Forum Spain

MADRID | By Julia Pastor | Bilbao’s Guggenheim Museum, architectural symbol of modernity and refurbishment, has been chosen to hold the international forum celebrating economic recovery. Among VIP guests: IMF’s head Christine Lagarde, OECD’s secretary Ángel Gurría and Eurogroup’s president Jeroen Dijsselbloem, along with four major international Spanish companies such as Inditex, Telefónica, BBVA and Ibedrola. However, social agents and NGOs who had a key role during the crisis supporting families in severe need have not been invited.

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Ms Lagarde is right (even though the ECB would rather turn a blind eye)

By Miguel Navascués, in Madrid | There has always been tension between the IMF and those countries under its analysis over the numbers in the fund’s economic forecasts. But this time the battle between the IMF’s Ms Lagarde and the European authorities has been set over valuations of sovereign bonds held by the banks. According to Lagarde, were the bonds in the European banks’ portfolios to be valued at their current market price……