Christine Lagarde's 'Global Warming' Focus Risks Europe, Euro

While the appointment of Christine Lagarde as new ECB President in November was widely lauded among global elites as forward thinking and “bold,” her early pronouncements on what ails the Continent and how she might go about fixing them should give both investors and European Union's 500 million constituents pause. No doubt guided by good intentions and a signal that she will remain steadfast in her commitment to today's secular pieties, Ms. Lagarde recently stated that she would like the effort to combat climate change to be at the heart of the central bank's mission.