The regulator’s earlier chief, Mario Draghi, loved a 64% approval score on the finish of his time period
A majority of European Central Financial institution (ECB) workers taking part in an inner survey have given a damaging evaluation of President Christine Lagarde, the group’s head, Politico reported on Monday, citing the ballot outcomes.
Lagarde’s total efficiency within the first half of her eight-year time period was deemed “poor” or “very poor” by 50.6% of respondents. In the meantime, solely 20.3% of these polled assessed her efficiency as “good” or “excellent.”
The ECB president wades too deeply into politics and makes use of the establishment to spice up her private agenda, aloomst a 3rd of these surveyed imagine, that including that her want for public consideration hasn’t helped the central financial institution’s fame.
The mid-mandate survey, which was carried out over December 12-22 of final yr, included responses from 1,089 of the ECB’s roughly 4,500 workers.
An analogous ballot carried out on Lagarde’s predecessor, Mario Draghi, on the finish of his time period confirmed an approval score of 64%.
“Mario Draghi was there for the ECB whereas the ECB appears to be there for Christine Lagarde,” one workers member wrote as a remark for the most recent survey.
Moreover, a number of respondents instructed that the previous French finance minister wished to make use of the financial institution as a springboard again into politics.
Nonetheless, an ECB spokeswoman known as the survey flawed.
“The President and the Board are absolutely centered on their mandate and have applied insurance policies to answer unprecedented occasions in recent times such because the pandemic and wars,” she informed Politico.
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