Deputy Director of the Jacques Delors Centre Lucas Guttenberg comments on the ECB portfolio allocation as Lagarde puts Isabel Schnabel, a German economics professor and government adviser at the center of the ECB’s core business.
Director of the Jacques Delors Centre Lucas Guttenberg comments on the ECB portfolio allocation as Lagarde handed one of the ECB’s highest-profile roles to Isabel Schnabel, a German economics professor and government adviser to counter the German criticism towards the ECB’s easy-money policies. Guttenberg comments in Bloomberg that: "Lagarde clearly signals that she sees Isabel Schnabel at the very center of the ECB’s core business, monetary policy.”