2022: Swimming naked (Finrestra podcast S2E3)

Warren Buffett once said: "Only when the tide goes out do you discover who's been swimming naked."
With inflation going over 10%, clearly the ECB was exposed as a "naked swimmer" in 2022.
But inflation wasn't the only tide that went out for the European Central Bank.
I also talk about the ECB's faulty risk management, and Lagarde's lack of leadership...