Lagarde says she’s proud to lead ECB after scathing staff survey

President Christine Lagarde on Thursday mentioned she was “proud and honored” to leead the European Central Financial institution, after her management was slammed in a union-run survey of workers.

She was responding to a query in regards to the findings, printed by ECB union IPSO earlier this week, by which greater than half of respondents rated her efficiency as far as “very poor” or “poor.”

The survey’s qualitative responses instructed some workers believed she had created a detrimental ambiance on the central financial institution, and that she spends “an excessive amount of time on matters unrelated to financial coverage,” IPSO mentioned.

Showing unfazed, former politician and lawyer Lagarde mentioned that the ECB carried out its personal surveys in a “manner that we will belief.” These confirmed a majority of respondents say they’re blissful to work on the establishment, would advocate working there to a pal, and felt a mission related to their work.

The surveys are carried out by round 60% of staff, and in addition cowl wages, respect within the office and office satisfaction, she mentioned.

“We pay nice consideration to those technically sound responses and we act upon them, and we’ll proceed to take action. What retains me going is these solutions,” Lagarde informed reporters in a briefing following the ECB’s January financial coverage assembly.

“And I am extraordinarily pleased with the workers of the ECB, and I am very proud and honored to steer the establishment, as a result of we’re pushed by mission. Delivering value stability, however serving the Europeans, and we’ll proceed doing that,” she continued.

IPSO’s survey was accomplished by round 1,100 folks. The ECB has greater than 5,000 staff and trainees.

The union mentioned the responses “usually” described Lagarde as being “an autocratic chief” who doesn’t essentially act in line with the values she proclaims.

She was rated considerably extra poorly than her predecessors Jean-Claude Trichet and Mario Draghi, it mentioned.

An ECB spokesperson referred to as the survey “flawed” and mentioned it included matters that weren’t particular to the presidency and outdoors of IPSO’s remit. In addition they mentioned it might have been stuffed out a number of occasions by the identical particular person.

—CNBC’s SiIvia Amaro contributed to this text.