2020-09-28
On 21 September 2020, Christine Lagarde, the chief of the European
Central Bank delivered a speech at the Franco-German Parliamentary
Assembly titled Jointly shaping Europe’s
tomorrow.
Lagarde’s theme was in line with what the title implies and what one has
come to expect from central bankers, namely, how the ECB helps forward
the agenda of a more powerful political centre in the European Union,
casually passing the unprecedented upward wealth distribution that the
ECB’s policies lead to as just another step towards a decisively
‘European’ future.
The symbolism of the event offers us stimulus for contemplation.
Lagarde, an elite Eurocrat at the helm of the most powerful technocratic
institution in the EU, addresses a body that is the vivid realisation of