Home MOREBUSINESS & ECONOMY Christine Lagarde is “Madam Inflation,” says German tabloid

Christine Lagarde is “Madam Inflation,” says German tabloid

by asma

German tabloid Bild scathingly criticised European Central Bank (ECB) President Christine Lagarde on Saturday, accusing her of destroying the earnings and savings of ordinary people by tolerating a rise in inflation, Reuters reports.

The article, echoing a Bild attack on Lagarde’s predecessor Mario Draghi in 2019, may signal fresh hostility towards the ECB on the part of the German public, which has for a decade been sceptical of the bank’s ultra-easy policy.

Two days ago the bank left rates policy unchanged despite consumer price growth hitting a 13-year high.

The newspaper called Lagarde “Madam Inflation,” accusing her of being a high-earner who liked wearing luxury fashion and saying she didn’t seem to care about ordinary people’s difficulties. “Christine Lagarde is melting pensions, wages and savings,” it said.

Inflation in the euro zone hit 4.1% this month, equalling its all-time-high, while German inflation is even higher, likely approaching 5% by year end

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