Economics

Lagarde’s Strategy Hints at New Era of ECB Teamwork With Germans

German central bank constructively engaged in strategy review
Compare that to history of acrimony against ECB in past decade

Christine Lagarde
Photographer: Valeria Mongelli/Bloomberg

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By Jana Randow and Alexander Weber

July 19, 2021 at 4:00 AM UTC

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President Christine Lagarde had barely begun unveiling the European Central Bank’s new monetary policy strategy this month when she signaled that the Germans were on board.