Easy money won’t solve Christine Lagarde’s economic problems | Phillip Inman

The new European Central Bank boss should resist pressure to lower interest rates further still

Welcome to Frankfurt, Christine Lagarde. A new job as head of the European Central Bank awaits. There are only so many supranational jobs on the political and economic circuit and you have nabbed a second one after seven years at the helm of the International Monetary Fund.

There is much work to be done, not least the task of rescuing a eurozone economy that has seen four years of steady growth across most parts of its 19-member currency bloc start to evaporate.

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