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ECB 'reconsidering' Philip Lane's calls with top private bankers


THE European Central Bank (ECB) is “reconsidering” the format of controversial telephone calls chief economist Philip Lane holds with senior private sector bankers, according to its chief Christine Lagarde.
She defended the calls in identical letters sent yesterday to two MEPs who had raised concerns; Sinn Féin s Chris MacManus and Dutch MEP Derk Jan Eppink. The letters were published on the ECB’s website.
The direct telephone calls with Prof Lane made headlines last year, when it was reported that he spoke with senior private sector bankers and investors after policy decisions had been taken and announced by the bank. ....

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