It’s not every week this column gets pushback from the Governor of the Central Bank.  Last week I said some rough things about the ECB. I said the markets expect it to tighten policy prematurely, which is partly why the eurozone is stuck in a high-unemployment rut. On a conference call last week, I asked Gabriel Makhlouf whether the ECB had any kind of targets in mind for income growth, in the way it has targets for inflation. The Governor said:  “I did read your article this week. I think one reflection I had on reading it… something that I…

Want to continue reading?

Introductory offer: Sign up today and pay €200 for an annual membership, a saving of €100.

Subscribe

Cancel anytime.

Are you already a member? .