ECB strongly criticised by French and Italian leaders

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Giuseppe Conte

Italian prime minister Giuseppe Conte

The heads of the French and Italian governments have taken the highly unusual step of publicly criticising the European Central Bank’s monetary policy decision, and, without naming her, ECB president Christine Lagarde.

The political reactions added to the impression among ECB observers that the bank’s announcement on March 12, and in particular Lagarde’s answer to one question, had misfired. Directly criticising an ECB monetary policy decision on the day it was taken is an unusual step for the

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