The European Central Bank, Christine Lagarde and the euro.


Mario Draghi, the former president of the European Central Bank, has officially left his post on November 1. A schism among the monetary policymakers, an uneasy sentiment towards the ECB in many countries and a pre-recession-state in the Eurozone – these are some of the challenges that Mr. Draghi had to pass on to his successor. Christine Lagarde, the new ECB president, will have to steer the ECBs monetary policy through strong headwinds that are already engulfing Europe. Let us see what she will be facing and how that may affect the euro.

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