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The European Union approves the appointment of Christine Lagarde as head of the central bank


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The European Union approves the appointment of Christine Lagarde as head of the central bank

The European Union approves the appointment of Christine Lagarde as head of the central bank

 18 October 2019 02:21 PM
Direct : European Union leaders on Friday approved the appointment of Christine Lagarde, former head of the International Monetary Fund, as president of the European Central Bank.

Lagarde is set to take over from Mario Draghi from November 1.

The decision to appoint Lagarde as president of the European Central Bank (ECB) for eight years is not renewable, after European leaders nominated her for the post on July 2.

Lagarde, France's former finance minister, served as director of the International Monetary Fund (IMF) in 2011 before being elected to the presidency of the European Central Bank.

 
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