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The ECB at the crossroads
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From Mario Draghi to Christine Lagarde
At the end of 2019, Christine Lagarde replaced Mario Draghi, the man who was ready to do “whatever it takes” to save the euro. The ex-chair of the IMF (International Monetary Fund) has taken the reins of an ECB (European Central Bank) divided over the strategy to follow for the next decade.
Traditionally split between stringency and monetary flexibility, the Frankfurt institution must face up to new challenges. To respond to these issues, Christine Lagarde will have to redefine the framework of the monetary policy (inflation target), while the banking and budget union has not yet been achieved.
The Primonial REIM Research team has analysed the situation in the Minute Eco.
ETUDE - Equipe
With a university education in local economic development, Daniel While began his career as business establishment consultant to local authorities. In 2006, he joined the Institut de l’Epargne immobilière et Foncière as analyst, and specialised in the world of unlisted real estate funds (SCPIs and OPCIs for France).
He is co-author of the book Les OPCI published by Delmas (September 2008). He joined Primonial REIM in 2017, where he held the position of Development Director, then Research & Strategy Director from 2019.
Henry-Aurélien Natter joined Primonial REIM as Research Manager in January 2018. He has the mission of developing the analyses of the Research & Strategy Department on the real estate markets, the economy and capital in France and in Europe.
Henry-Aurélien Natter began his career at Les Echos Etudes (formerly Eurostaf), then at C&W (formerly DTZ), and lastly at BNP PRE, where he acquired solid and varied experience in real estate research, strategy and finance. He is qualified with an AES degree in Business Management, a Masters Decree in management and SME management, and an International Master in commerce and marketing.
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