November 15, 2019 / 7:05 PM / a month ago

ECB's Lagarde has pledged to seek dialogue: Stournaras

FILE PHOTO: International Monetary Fund Managing Director Christine Lagarde arrives for the Women's Forum Americas, at Claustro de Sor Juana University in Mexico City, Mexico, May 30, 2019. REUTERS/Carlos Jasso/File Photo

THESSALONIKI, Greece (Reuters) - The European Central Bank’s new President Christine Lagarde has pledged to seek dialogue when there are disagreements on the policy-setting Governing Council, ECB policymaker Yanis Stournaras said on Friday.

Lagarde was urged to make decisions at the ECB more consensual at a retreat she convened this week aimed at healing the discord that characterized the end of the term of her predecessor, Mario Draghi.

Speaking at a conference in the Greek port city of Thessaloniki on Friday, Greek central bank governor Stournaras said Lagarde “wants to emphasize more the preparation of the council, before we reach a conclusion in the meetings”, and that “she will do more to exhaust the possibilities for dialogue when there are disagreements”.

Lagarde, who took office this month, gathered the 25 members of the Governing Council on Wednesday and Thursday for a retreat in a 19th-century castle built for German empress Victoria in the Taunus mountains surrounding Frankfurt.

Four sources told Reuters that attendees voiced their desire to play a greater role in policy decisions and said these should be taken by consensus rather than a simple majority.

Reporting By Leftheris Papadimas, Writing by Francesco Canepa in Frankfurt; Editing by Alex Richardson

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