Putin and the pandemic are behind the worsening cost-of-living crisis in the EU, the head of the European Central Bank claims
The European Central Bank (ECB) has doubled its key interest rate to the highest level in more than a decade in an attempt to combat soaring inflation, ECB President Christine Lagarde has explained.
In an interview with Irish national broadcaster RTE on Friday, Lagarde said: “We do it because we are fighting inflation” that had “pretty much come about from nowhere.” She pointed to a speedier-than-expected economic rebound from the pandemic as a cause alongside “the energy crisis caused by Mr. Putin who has decided in an unjustifiable way to invade another country.”
The ECB chief added: “That’s what he [Putin] is trying to do, cause chaos and destroy as much of Europe as he can. This energy crisis is causing massive inflation which we have to defeat.”
She went on to say that “Anybody who is behaving in that way has to be driven by evil forces,” and that the “sick” Russian president is a “terrifying person.”
Discussing her previous meetings with the Russian leader, Lagarde described him as an “unbelievably super-briefed person” with “flashing, freezing eyes.”
After expressing her view, Lagarde however stressed that she’s “just a central banker,” and “shouldn’t be saying all these things.”