Blogger The General Theorist wonders whether Christine Lagarde’s patchy performance as managing director of the IMF qualifies her for the trickier role of president of the European Central Bank. “The assumption that Lagarde is a like-for-like replacement of Mario Draghi is a huge misreading of her track-record.”
Economics
Eurostat – Household real consumption per capita continues decreasing in both euro area and EU
Still does not sound like a V Recovery Read here
Energy
Transport & Environment: Gas truck as bad for the climate as diesel in on-road tests
Trucks powered by LNG are a dead-end for cutting climate emissions and emit more cancer-causing particles. Read here
Geopolitics
Politico – Russia has ‘seized the upper hand’ in Ukraine war, intel community warns
What we already knew, but the fact it is confirmed by America’s spooks is of note. Read the article HERE.
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