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…

Join The Currency

INTRODUCTORY OFFER: Full annual membership for just €200.

Don’t miss out on what is going on with our daily unique stories from our team of skilled journalists and insightful commentators.

Members of The Currency get full access to over 4,000 exclusive interviews, investigations, and analysis, plus over 460 podcasts.

Annual membership is just €200 for the first year, a saving of €100.

Or try The Currency for the first month for a special introductory rate of €5, a saving of €20.

Cancel at any time.

To become a member today click here.