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Thursday, May 12, 2022

Lagarde Spurns ECB Staff Plea for Pay Rises Linked to Prices

European Central Bank President Christine Lagarde rejected calls by staff to link salary increases to inflation, which has hit a record in the euro area and is far in excess of the minimum pay boost handed out this year.

In an email to employees on May 5, seen by Bloomberg, Lagarde said she understood that some were “disappointed” by this year’s rise but insisted that future adjustments must be “reasonable.” 
-WiscoDave
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2 comments:

  1. AnonymousMay 12, 2022 at 2:16 PM

    I’m sure this unelected bureaucrat is living high on the hog and NOT suffering in the least.

    ReplyDelete
  2. AnonymousMay 12, 2022 at 9:42 PM

    Contrast this with the US Congress, which a couple months ago, gave themselves a 21% raise.

    ReplyDelete

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