Lagarde “will use all the tools” to achieve 2% inflation
Christine Lagarde, president of the European Central Bank (ECB), has announced that the institution of which she is the head will take all the necessary measures to bring inflation down to the 2% target. Lagarde has assured during an event broadcast on LinkedIn that they will use “all the tools at our disposal and we will do everything that is necessary”, in a similar way to the “Whatever It Takes” delivered by Mario Draghi, his predecessor at the ECB.
Regarding other social issues, the president has indicated that the pandemic has had particularly negative consequences on women; from the rise in domestic violence throughout the world due to confinement, going through higher rates of female unemployment, to school dropout, which has subjected girls to a greater proportion than boys.
Lagarde has also denounced that there are few women in positions of power, both in politics and in business: “It is common that when things get ugly, there are problems, and you run out of options, the ‘establishment’ says, ‘why don’t you try a woman? We have nothing to lose’?, she commented, recalling her years as French Minister of Economy.
Citing various studies and reports, the French woman has defended that the inclusion of women in public life is profitable for the entities and societies that practice it. Likewise, she has reported that she has always tried include women in decision-making processes echoing the words of the former US Secretary of State, Madeleine Albright, who said that “there is a special place in hell for women who do not support other women.”
Regarding the war in Ukraine, Lagarde has condemned the invasion by Russia as “awful” and “unwarranted” and praised the courage of the Ukrainian people. “-The conflict- It has given the Ukrainians the strength and resilience that no one thought they had, perhaps they were not even aware of it,” he summed up.