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The Glaring Similarity of the EU Central Bank’s Leadership

24 men. One woman. All white.

Other women in the room were there for decoration

The image of the European Central Bank's governing council published on social media by the bank's new president, Christine Lagarde went viral because it was made up of mostly males. 6 members of the council make up the bank's Executive Board. 19 are governors of the euro zone nations' central banks according the ECB. They are all white, dressed in business attire and over 40 years old. The youngest is Madis Müller, from Estonia, age 42.

Lagarde replaced Mario Draghi as ECB president and has invited the governing council, its top policymaking body, to present ideas on how to improve the central bank’s internal discussions. The issue of equality wass part of the agenda for her first council meeting. The meeting was hosted at the Schlosshotel Kronberg a luxury resort in a 19th-century castle. Lagarde became the European Central Bank's first female president in early November 2019. Before that, she was the first woman to head the International Monetary Fund, and France’s first female finance minister before that. But at this meeting the only other women in the room were there for decoration.

Lagarde is expected to deliver a major shakeup to the central bank. Financial Times reports that the reform plans range from holding regular votes on monetary policy to requiring that the president does not pre-announce policy plans. Nevertheless, these proposals could potentially bring widespread changes in terms of market interpretation of future policy meetings. With the new leadership in place, it could also open the door for some deeper makeovers and blockchain technology could be one of them. Lagarde is one of the few key monetary policymakers who is open to digital currency. Her positive stance on crypto highlights the possibility of having a more blockchain-friendly environment in Europe under a Lagarde-led ECB.

Brut.

11/18/2019 8:26 PM

12 comments

  • Tiba D.
    11/21/2019 09:29

    Big shame to world. Its just example

  • Robbie B.
    11/21/2019 08:12

    Well got to say if you are good at your job it makes no difference if your a man or women or what your colour is...stop banging on about it ..ow did you forget to mention their sexual preferences I'm sure that's going to make you get the job or not too

  • Zaf H.
    11/21/2019 00:37

    Christine im FCA qualified, and hav a finance degree, sorry im a bit brown

  • Beth F.
    11/20/2019 23:00

    And so fk if they are white colour shouldn't come into it if you can do the job.

  • Leslie F.
    11/20/2019 17:13

    If your good at the job Colour or creed doesn't matter Plus you need to apply for the position & if you dont apply Well end of story

  • Leslie F.
    11/20/2019 17:09

    And what the problem with them being white

  • Beto P.
    11/20/2019 16:42

    I wonder how long it's going to be before we hear the word, racist

  • Luis J.
    11/20/2019 15:10

    Another day; another dollar...

  • Kim H.
    11/20/2019 14:50

    The key words here...all white. Needs more color.

  • Ciofalca N.
    11/20/2019 14:24

    ALL white?? and all men?? 😱 they need some feminism in there. Leftist propaganda some more please

  • Gordon A.
    11/20/2019 14:00

    Remainers no doubt.

  • Shamrasti R.
    11/20/2019 13:55

    Well maybe they are more qualified than other women applying for the job

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