France Haunts ECB as Lagarde Returns to Sintra

I’m Craig Stirling, a senior editor covering central banks. Today as the European Central Bank’s annual retreat in Sintra kicks off, we’re looking at how this one echoes the very first a decade ago. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so here.

When the European Central Bank held its first retreat in the Portuguese hilltop resort of Sintra in 2014, the euro region was experiencing a nervous lull in its debt turmoil following the global financial crisis.