Lagarde’s inflation fight at ECB makes Fed’s job look simple

IMG Auteur
 
Published : September 13th, 2022
131 words - Reading time : less than a minute
( 0 vote, 0/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...

Bloomberg/Craig Stirling/9-4-2022

“That binary choice of either a half point or an unprecedented 75 basis points of monetary-policy tightening masks an ever-expanding litany of challenges for the president and her colleagues in Frankfurt as they manage a fragile currency area with a war raging next door.”

USAGOLD note: The Telegraph’s Ambrose Evans-Pritchard summed up Lagarde’s dilemma neatly. “The European Central Bank can either bail out Italy,” he says, “or save its credibility in Germany. It will struggle to do both.” Likely, Lagarde, like Jerome Powell, will steer the middle course, and in so doing, further undermine the credibility of the euro. There might come a point when Germany seriously considers its place in the European Union and whether or not it might be in its best interest to resurrect the Deutschmark.

Read the rest of the article at USA Gold
<< Previous article
Rate : Average note :0 (0 vote)
>> Next article
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS