Lagarde: Hearing at the Committee on Economic and Monetary Affairs of the European Parliament

Madam Chair,Honourable members of the Economic and Monetary Affairs Committee,Ladies and gentlemen,I am very happy to be back before this Committee fo

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Madam Chair,
Honourable members of the Economic and Monetary Affairs Committee,
Ladies and gentlemen,
I am very happy to be back before this Committee for my first regular hearing as ECB President. I want to express my personal and sincere gratitude to this house for the support I received during the appointment process. And I look forward to a constructive and positive relationship between our two institutions going forward.
The connection between the ECB and the European Parliament is especially valuable today as a means to reinforce trust in European institutions.
In the euro area, support for the single currency has grown steadily in recent years, rising from a low of 62% in 2013 during the crisis to an all-time high of 76% today. Trust in the ECB has grown in that time as well – but its recovery after the crisis has been less dynamic.
My predecessors at the ECB were alert to this and already acted to address the challenge. The ECB’s accountability practices have evolved[2], as has its communication strategy. And the ECB’s transparency, ethics and good governance frameworks have been harmonised, strengthened and extended to all members of the Governing Council and Supervisory Board. Read Full Speech Here