ECB Staff Union Survey Reveals Criticism of Lagarde's Leadership
A union-run survey of European Central Bank employees has revealed widespread dissatisfaction with President Christine Lagarde's leadership, with many accusing her of fostering a negative atmosphere and focusing too much on topics unrelated to monetary policy. Over half of the nearly 1,100 respondents rated her performance as "very poor" or "poor," with concerns raised about her communication of monetary policy and her suitability for the role. Lagarde's leadership style was described as autocratic, and there were perceptions that she was using the role to further her personal image. The ECB has been battling inflation with a record run of interest rate hikes, and its latest monetary policy decision is due soon.
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