Central bankers

Christine Lagarde: How can a united Europe meet the challenges it faces today?

Retrieved on: 
Friday, January 24, 2020
Christine Lagarde, World economy, Organizations, French people, World Economic Forum, Central bankers

SPEECHHow can a united Europe meet the challenges it faces today?Opening remarks by Christine Lagarde, President of the ECB, during a dinner on "Uniting Europe" at the World Economic Forum

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SPEECH

How can a united Europe meet the challenges it faces today?

    Opening remarks by Christine Lagarde, President of the ECB, during a dinner on "Uniting Europe" at the World Economic Forum

    Christine Lagarde: Interview with NOS Nieuwsuur

    Retrieved on: 
    Tuesday, December 17, 2019
    Eurozone, European System of Central Banks, Group of Thirty, Central bankers

    INTERVIEWInterview with NOS NieuwsuurTranscript of the interview with Christine Lagarde, President of the ECB, conducted by Mariëlle Tweebeeke, NOS Nieuwsuur, on 12 December 2019 and broadcast (in part) on 12 December 2019A special day; you've just had your first press conference as President of the ECB.

    Key Points: 


    INTERVIEW

    Interview with NOS Nieuwsuur

      Transcript of the interview with Christine Lagarde, President of the ECB, conducted by Mariëlle Tweebeeke, NOS Nieuwsuur, on 12 December 2019 and broadcast (in part) on 12 December 2019

        • A special day; you've just had your first press conference as President of the ECB.
        • Because every word you say as president of the ECB might instantly impact financial markets.
        • I tend to be attentive to the words I use, so that suits me fine.
        • And I think the trade-off for that is that when I have something to say, I will say it.
        • I learn fast, I work hard and I'm surrounded by exceptionally competent people.
        • So to the extent that I can sometimes challenge some of the conventional views and the sort of home-grown conventional wisdom, I think it's very healthy.
        • You are the first woman to lead the ECB, which used to be a man's world.
        • I think that's the beauty of diversity and the openness of this institution, actually, to accept, engage and respect differences and to try to include them.
        • Do you believe it's important that a woman is leading such a prominent institution like the ECB?
        • Number 2, If she can do it, maybe I can do it, too and if not me then my daughters maybe can do it.
        • It honestly gives me, I would say, additional responsibilities because I don't want to let them down.
        • But I also think that it brings an added dimension, which is the sheer dimension of diversity of thinking.
        • You see that by the sort of rotation of portfolios, for instance, and that has been studied extensively.
        • Until such time when we arrive at this aim that we have, we need to continue using the tools.
        • So it has been extremely useful to use those lower interest rate policies going forward; that's point number 1.
        • This is exactly what those countries that have fiscal space should do, and I think this is very, very welcome.
        • You still say the same, but our Minister of Finance No, I said that I admire what is being considered.
        • Yes, because our Minister of Finance, Wopke Hoekstra, was a bit irritated when you said that we have to spend more.
        • The Netherlands might be affected as well because it has a close relationship with the UK.

      Luis de Guindos: Interview with El Mundo

      Retrieved on: 
      Monday, December 2, 2019
      Luis de Guindos, European Union, European System of Central Banks, Eurozone, Economy of Europe, Europe, Central bankers, European Central Bank

      INTERVIEWInterview with El MundoInterview with Luis de Guindos, Vice-President of the ECB, conducted by Pablo Rodríguez Suanzes on 25 November 2019The ECB is the most important institution in the framework of the EU, and of the euro area in particular.

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      INTERVIEW

      Interview with El Mundo

        Interview with Luis de Guindos, Vice-President of the ECB, conducted by Pablo Rodríguez Suanzes on 25 November 2019

          • The ECB is the most important institution in the framework of the EU, and of the euro area in particular.
          • Here, the relationship is mainly with the European Parliament, through hearings, and with the public, through speeches.
          • When and why did you decide you wanted to try to become the Vice-President of the ECB?
          • I spoke to President Rajoy and we said it could be a possibility, and it was very attractive to me.
          • Members of the Governing Council have different profiles and each of them contributes according to their experience.
          • The 25 members of the Governing Council dont always agree, although many of the decisions we take are unanimous.
          • There are those who think that the situation requires further measures, and others who think we have already gone too far.
          • The decisions are very democratic one Governor, one vote but actually taking a vote is an exception, not the rule.
          • Im not at all concerned by the fact that there are differing views, thats healthy and its normal because there are 25 of us.
          • It hasnt undermined the effectiveness of the September package of measures, because it went ahead as planned, but its much better to be united.
          • We are a collegial institution and once we have reached an agreement, everyone should defend it.
          • This is not to say, for example, that I agreed with every element of the package.
          • When he uttered those famous words in London in 2012, he changed the outlook in the euro area.
          • The problem we have at the moment is that these monetary policy decisions need to be complemented by other instruments.
          • In Spain, we rescued ourselves, off our own backs, with the help of our European partners, including the ECB.
          • But the outlooks are different and I dont think that the term really applies to the European economy.
          • One of the German proposals is to limit the amount of sovereign debt held by financial entities.
          • Spain has experienced precisely that, with only national entities continuing to buy public debt at the same rate.
          • But we also have to take measures simultaneously to limit how much risk is generated by certain countries.

        Tokopedia Announces Appointment of Agus Martowardojo as President Commissioner

        Retrieved on: 
        Friday, January 11, 2019
        Technology, Online Retail, Software, Professional services, Finance, Retail, Finance, Financial services, Central bankers, Agus Martowardojo, Bankers, Tokopedia, Money, Agus, Lluís Companys

        PT Tokopedia, Indonesias leading technology company, announced today that Agus Martowardojo has joined the companys leadership as President Commissioner.

        Key Points: 
        • PT Tokopedia, Indonesias leading technology company, announced today that Agus Martowardojo has joined the companys leadership as President Commissioner.
        • View the full release here: https://www.businesswire.com/news/home/20190111005092/en/
          Agus Martowardojo has over 30 years of experience as a banker, Finance Minister and Central Bank Governor.
        • Agus played a role in increasing state revenues, improving the efficiency of state expenditures, and strengthening governance.
        • I am pleased to join Tokopedia and contribute my experience to support the companys aspiration for inclusive economic development, said Agus Martowardojo, President Commissioner of Tokopedia.