FILE PHOTO: Christine Lagarde, President-designate of the European Central Bank in Frankfurt, Germany October 28, 2019. Boris Roessler/Pool via REUTERS
In an interview with France’s RTL broadcaster days before she takes up her post, Lagarde singled out Germany and the Netherlands as countries that could deploy their surpluses to help growth. “Those that have the room for manoeuvre, those that have a budget surplus, that’s to say Germany, the Netherlands, why not use that budget surplus and invest in infra-structure? ... Why not invest in education, why not invest in innovation, to allow for a better re-balancing?”
nice idea after nothing happened when the german automotive industry was slaughtered.
Germany stands in a good position to give real competition to Chinese manufacturing. Given that there is peace ahead.
She is repeating what Macron is telling her to say ... Financially ignorant…
Invest = borrow from the ECB and get in debt. Debt is a legal form of slavery.
She needs new dentures
Not Germane style
A central banker imploring a (the) government for a fiscal response instead of relying on monetary policy to fix economic ills. I feel like I’ve heard this somewhere before in the last 10 years! LOL
Yup.
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