OMFIF's Kyriakopoulou Says Lagarde May Be More Successful Than Draghi in ECB Politics

The video discusses Christine Lagarde's potential to succeed more than Draghi in fostering relationships and ensuring fiscal policy coordination. It highlights the ECB's independence and the need for collaboration with governments. The impact of negative interest rates on the banking system is analyzed, questioning the counterfactual scenarios. The discussion also covers the future of ECB policies, including the possibility of further negative rates and the reversal of quantitative easing, while considering the economic outlook.

How might Christine Lagarde's approach differ from that of Mario Draghi in terms of fiscal coordination?

What are the potential impacts of negative interest rates on the banking system?

What is the significance of the counterfactual in the context of negative rates?

What measures are currently on the table regarding the ECB's monetary policy?

What questions are members of the Governing Council considering about the economic outlook?