The new President of the European Central Bank Christine Lagarde arrives at the compound of the ECB headquarters in Frankfurt/Main, Germany, on November 04, 2019. – Christine Lagarde took over on November 1, 2019 as president of the European Central Bank, replacing Italy’s Mario Draghi, as the institution has been riven by a return to easy money policies to stoke inflation and ward off recession.
Lagarde said she was due to speak at an evening ceremony in honour of “my friend Wolfgang Schaeuble”, Germany’s parliamentary speaker and veteran ex-finance minister. Asked whether she would bring up the “black zero” in her speech, Lagarde said: That’s a topic that we discuss always together, but privately.”
In a sign that she may take a more assertive approach, Lagarde last week singled out Germany and the Netherlands as “countries with chronic budget surpluses” that should loosen their purse strings to redress “imbalances” in the 19-nation currency bloc.
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