“The ECB is an independent institution,” “this is clearly stated in the treaties.” “We are not subject to political pressure of any kind,” said the ECB president. Christine Lagarde At the press conference at the end of the Eurogroup meeting, you were asked in particular about the “lack of courage” that Antonio Tajani attributed to the ECB and whether you think other countries share in this criticism.
“We have a baseline, we will look at all the data, we have a lot of data and projection exercises, we also receive intermediate data and we look at everything and if there is a significant change compared to the baseline we assess it,” Lagarde said, regarding the idea by some conservatives that it would take a significant deterioration in the economy to accelerate the reduction in the cost of money.
Here comes the response from the Minister of Foreign Affairs“The ECB must be independent but I demand the right to comment on its choices.”
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