The Eurogroup is about to miss the opportunity to make the ECB’s Board gender-equal for the first time in history.
The European Central Bank recently launched a new survey asking individuals and organisations based in the eurozone for their views on the bank’s current monetary policies, as part of the upcoming Strategic Review. Positive Money Europe has submitted a comprehensive response explaining how the bank can meet its inflation target, honour its environmental obligations and improve its diversity. Here are our main points:
To avoid leaving the European Central Bank (ECB) at the endless mercy of legal uncertainty surrounding its mandate, it is urgent that EU leaders finally engage in a long overdue revision of the EU Treaty’s monetary financing prohibition rule.
EU Treaties are no obstacle for the Eurogroup to take decisive actions in favour of gender diversity in the European Central Bank.
Speaking to the European Parliament’s economic committee, the nominated president for the European Central Bank Christine Lagarde set expectations high that she will review the ECB’s strategy, prioritize climate change, and improve the ECB’s dialogue with civil society.
Critics of Christine Lagarde’s nomination as future ECB President argue central banks should be only led by academics and technocrats, not politicians. They are wrong.