Lagarde Finds ECB Staff Disillusioned by Lack of Opportunities

The European Central Bank has found that its staff are disillusioned about professional development, fairness and transparency — a troubling mix as the institution leans heavily on their expertise to navigate a challenging global environment.

Only 40% of employees in a poll were happy with their chances to climb the career ladder, with fewer regularly taking such opportunities. More than a third feel they can’t freely express their views without fear of negative consequences.

The results are the latest sign of frustration among ECB employees, who’ve complained in the past that they have little trust in ...