Lagarde, Dijsselbloem Hit Back at ECB Critics

The head of the International Monetary Fund (IMF) and head of the Eurogroup of finance ministers has hit back at critics of the European Central Bank, saying that politicians should refrain from public criticism of the central bank or its President, Mario Draghi.

“Mr Draghi has to do his work in independence and that means us politicians really restrain ourselves in comments and opinions,” Jeroen Dijsselbloem told CNBC on Friday.

“He has to take decisions that are good for the euro zone as a whole within his mandate and that’s exactly what the ECB is doing and the more we refrain from comments the more effective he can be,” he said.


This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.