She’s three weeks into her new job as President of the ECB, and Christine Lagarde’s rivals have already moved against her. The rivals are the heads of four eurozone central banks, members of what’s called the ECB’s governing council. What they want is more control over monetary policy. As it stands, the president gets to run monetary policy more or less as she pleases. Her decisions don’t need to be ratified by a governing council vote. She’s free to announce new policies without the council’s permission. And the council’s dissenting opinions aren’t made public. The insurgents want more of a…
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