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Inflation crashes the party as ECB marks 25 years

Thursday, 25 May 2023



FRANKFURT, May 24 (AFP): The European Central Bank celebrated its 25th anniversary Wednesday but soaring inflation in the eurozone threatened to put a damper on festivities at the Frankfurt-based financial institution.
To mark the occasion, around 200 guests will descend in the evening on the ECB's imposing steel-and-glass tower on the banks of the Main river in Germany's financial capital.
With music from French composer Claude Debussy playing, ECB president Christine Lagarde will cut a cake as she is joined by two of her predecessors, Jean-Claude Trichet and Mario Draghi.