ECB’s Newest Stimulus for Germany Is Love Bombing by Lagarde

(Bloomberg) — Ever since she moved to Frankfurt as European Central Bank president three months ago, Christine Lagarde has been working hard to charm the locals.The institution’s new chief has sought to turn a new leaf with Germany after years of cooler relations under her predecessor, Mario Draghi. His stimulus policies, including negative interest rates that erased returns on savings, left many citizens in the ECB’s home country feeling hard done by.Lagarde has already pledged that she’ll attempt to learn German, the euro zone’s most-spoken first language. But a quick glance at the Frenchwoman’s Twitter feed is a further testament …read more

Source:: Yahoo Finance

      

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