The Economist: Finance and economics articles summarised (14 April 2019)

The ECB is changing personnel
Quite significantly this year, see graphic below. The ECB was located in Germany and set up along Bundesbank lines to appease German fears over inflation and money supply. Its chief economist was Otmar Issing, erstwhile Bundesbank rate setter. Now Philip Lane, dovish Irishman, is set to be the chief economist and the ECB will be focusing less on money supply. Mario Draghi embraced quantitative easing but probably his greatest utterance was in 2012 when he said he’d do “whatever it takes” to save the euro. The next President will follow on from . . .

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