Carsten Brzeski has a long and deep background in all things pertaining to the Eurozone’s economy and the political forces driving it, both as Chief Economist, Eurozone and Global Head of Macro of ING Groupand in previous roles he held at the Dutch Ministry of Finance and the European Commission and more. So he is more than amply prepared to vet not only the policy outcome of the European Central Bank’s latest meeting but also to weigh in on what may be driving the ECB’s president, Christine Lagarde, to step down in February of next year—the big surprise of the day. “I think it was really both because the ‘rates on hold’ was expected. So that was not a big surprise headline,” Carsten says.
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