Is ENGIE SA's (EPA:ENGI) High P/E Ratio A Problem For Investors?

    24 Oct by Vitaliy Dadalyan Tags:

    Germany's Peace Offering to the European Central Bank

    (Bloomberg Opinion) -- Some good news for the European Central Bank. The German government has nominated Isabel Schnabel, an accomplished economist at the University of Bonn, to replace her compatriot Sabine Lautenschlaeger on the ECB’s executive board. Lautenschlaeger is quitting after the central bank’s decision to restart large-scale bond purchases (known as quantitative easing).It’s an anachronism that Germany, France and Italy always get to choose one of the top positions at the ECB. But if this appointment must be made by Berlin, Schnabel is a fine choice.Read More: ECB Gets Chance for German Reset With Lagarde-Schnabel Dual ActThe ECB’s senior team has three big problems: its increasingly bitter divisions over QE, a shortage of trained economists in the top jobs and a lack of female leaders. Hiring Schnabel would address each of these issues. Her pragmatism and ability to see both sides of the monetary argument would ease some of the tension that’s taken hold after several members of the...