Expanding the Legacy
Expanding the Legacy
When the going gets tough, Christine Lagarde has often been called upon to broker a deal or find the solution to a conundrum that baffles lesser minds. In a word: she gets going and likens that to being suspended from a ‘glass cliff’ – as opposed to bumping against a glass ceiling – a phenomenon whereby a complex and hazardous job is handed to a woman, making her success improbable, and affording men a measure of plausible deniability.
For years on end, central bankers in Europe and the United States have implored providence to deliver a modicum of inflation. Over the past five years, the Eurozone slid twice into deflationary territory. As recently as August 2020, the consumer price index retracted by 0.2% (year-on-year), prompting President Christine Lagarde...
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