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5huggy

OMG! the infighting has started!

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Trouble brewing at the ECB: Germany's representative resigns amid rising tension over eurozone ahead of Christine Lagarde's arrival

 

The European Central Bank has seen Germany's representative on its board resign amid signs of rising tension over eurozone monetary policy. 

Sabine Lautenschlaeger, who had also served as deputy head of the ECB's banking supervision arm, will depart on 31 October, the Frankfurt-based institution said.

Lautenschlaeger is considered to be a hawk – somebody who leans toward implementing tighter monetary policy - and is understood to be unhappy at the highly dovish stance being taken by the ECB.

 

 from here - - - >>>>  https://www.thisismoney.co.uk/money/markets/article-7507503/Trouble-brewing-ECB-Germanys-representative-resigns.html

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Sabine Lautenschläger is stepping down from the executive board, timing her departure to match that of outgoing chairman Mario Draghi and so to avoid working with the former International Monetary Fund chief.

Her departing statement was as brief as it could be, stating that she had handed in her notice and that “Mario Draghi thanked her for her instrumental role in helping set up and steer Europe-wide banking supervision, a key pillar of banking union, as well as her unwavering commitment to Europe”.

Her term of office was due to expire in 2022.

Sabine Lautenschläger speaking to Christine Lagarde at the IMF on Sept 20, in Washington

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The Eurozone will fall apart because of Italy. Their target2 deficit is far too high for a bailout.

The only question is will the Eurozone fall apart before Brexit? (If Brexit happens).

Will Gary Windass get away with his crimes?

Will Mr Trump get another 4 years?

Will I get a 1oz QB Lion?

Will Liverpool win the Prem?

So much uncertainty.

 

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Lagarde wants to get rid of cash so she can control everyone with a flick of a switch. This woman is dangerous and we must never hand over our monetary system to the Europeans...in fact we need out altogether but there is already a thread for that.

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6 hours ago, JasonDavies said:

The Eurozone will fall apart because of Italy. Their target2 deficit is far too high for a bailout.

The only question is will the Eurozone fall apart before Brexit? (If Brexit happens).

Will Gary Windass get away with his crimes?

Will Mr Trump get another 4 years?

Will I get a 1oz QB Lion?

Will Liverpool win the Prem?

So much uncertainty.

 

YES

NO

YES

YES

IF YOU SAVE YOUR PENNIES

HAHAHAHAHAHAHAHAHAHAHAHA. MORE CHANCE OF JO SWINSON BECOMING PM. ;)  

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