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Lagarde Inherits ECB Tinged by Bitterness of Draghi Stimulus

  • New president will need to confront fractious policy making
  • Draghi has issued veiled criticism of his QE opponents
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Is German Fiscal Stimulus Like `Waiting for Godot?'
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When Christine Lagarde takes charge of the European Central Bank, she’ll inherit the policy disputes of her predecessors -- now with even deeper scars.

The new president will have to confront the aftermath of an unprecedented revolt among officials over Mario Draghi’s plan to reactivate quantitative easing. In a move probably linked to that, Germany’s Sabine Lautenschlaeger unexpectedly quit the Executive Board.