IPFS News Link • European Union
Lagarde: "We Should Be Happier To Have A Job Than To Have Savings"
• https://www.zerohedge.com by Tyler Durden... with the ECB's new head, former IMF Director and convicted criminal, Christine Lagarde would result in some easing of tensions, were promptly crushed when Lagarde picked up where Draghi left off, calling on Germany and the Netherlands to use their budget surpluses to fund investments that would help stimulate the economy, in a sharp rebuke that will not win the former French finance minister any friends in fiscally conservative Germany.
In an appeal to Germany's sense of solidarity, and in hopes that Germany's memory of hyperinflation has faded enough, Lagarde said that there "isn't enough solidarity" in the single currency area, adding: "We share a currency, but we don't share much budgetary policy for now."