Millions of consumers are groaning under the shock of prices: prices are shooting through the roof, salaries and pensions are worth less and less. But the top managers at the Eurobank ECB have a good laugh: they are reaping huge profits on the stock exchange!
A new ECB report shows: The President of the Central Bank, Christine Lagarde (66), has parked money in two funds.
► An equity fund of the French bank BNP Paribas, which rushed by 28.6 percent in one year. A nice trick once morest the hammer inflation (currently 7.3%).
► With a fund from the German bank BHF, she was also able to make a profit of 4.3 percent.
When asked by BILD, she did not want to reveal how much money Lagarde had put into the fund. As a financial expert, however, she is certainly familiar with the old rule of thumb: invest 10% of your annual salary (416,000 euros)!
ECB Director Isabel Schnabel (50) should also have earned a golden nose in 2021. At the end of 2020, she had invested her money in a total of 44 stocks and funds, including Shares of vaccine giant Biontech (price increase 2021: + 88%), Apple (+ 35%), Microsoft (+ 25%). According to the ECB report, Schnabel has now cashed in: She has sold everything but 11 positions!
Photo: Arne Dedert/dpa
” data-zoom-src=”https://bilder.bild.de/fotos/bundesbank-chef-joachim-nagel-55-31fc590af73f4ca4841bf71848873155-79671908/Bild/4.bild.jpg”/> Bundesbank boss Joachim Nagel (55)Photo: Arne Dedert/dpa
Bundesbank boss Joachim Nagel (55) is completely different: he does not own any shares.
Money rain for the top women of the ECB! Inflation and interest frustration for millions of savers. This is exactly what Lagarde and Schnabel are responsible for! Because with its penalty interest rate policy and the billions that the ECB pumps into the markets every month, the ECB is also inflating share prices. At the same time, this course fuels the expensive shock.
“With its dangerous zero interest rate policy, the ECB is allowing inflation to rise,” criticizes Prof. Bernd Raffelhüschen (University of Freiburg). “The losers are pensioners, employees and everyone who now only gets measly interest on their savings investments.”
At the same time, Raffelhüschen makes it clear: “Anyone who has invested in shares, on the other hand, can look forward to high profits.”
And among those winners are the ECB’s top women themselves…
