European Central Bank raised rates to fight inflation, but understands burden it puts on people, says Lagarde

Stuck with subsistence wages and horrendous living costs? You could do worse than make the move I did

“The mission of the European Central Bank is not just to be the custodian of the euro for everybody in Europe, but it is also to fight inflation so that we have price stability,” she said. “Those were very tense and very difficult days where he had to make and we all had to make really difficult decisions on the spur of the moment because finance was just wiping away from the scene and we had to just stop things and sometimes we made the right decisions and sometimes they were as good as they could be in those days,” she said.

“I think that Ireland, joining Europe, and being part of the family has been just a tremendous result.”

IrishTimes

IrishTimes She cares as much about interest rates and the ordinary person in Ireland as Fred West cared about laying patios.

Does anyone remember when Christine Lagarde was in town with the Troika as head of the IMF, telling Irish people to suck it up and pay 42% of EU banking debt, privatise everything & sell off the crown jewels. She was photographed with a €7,000 Hermes handbag on this trip

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