Another bad idea from Europe: European Central Bank introduces quotas for women in upper management

Its director, Jörg Asmussen, told the German daily Süddeutsche Zeitung on Thursday that the bank is to introduce quotas for women in middle and senior management positions. By the end of 2019, it is hoped that 35% of the former and 28% of the latter will be “qualified women”, Asmussen said — up from the current level of 17% and 14% respectively. The gender split among the ECB’s workforce is actually fairly even, the Süddeutsche wrote, but it’s the men who call the shots at the top of the food chain.

The Eurozone has proved such a stunning success so far of course. When you’re in hole, just keep digging.

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