Tags: APFN | EU | ECB | Lagarde

EU Leaders Rubber Stamp Lagarde's ECB Appointment

Friday, 18 October 2019 07:38 AM EDT

BRUSSELS (AP) — European Union leaders have approved the appointment of Christine Lagarde as the next president of the European Central Bank.

The former International Monetary Fund managing director will replace Mario Draghi, who has served as ECB president since 2011.

The European Council had already issued a formal recommendation for Lagarde, and Friday's move was just a confirmation after the European Parliament and the ECB also supported her.

The ECB sets monetary policy for the 19 countries that use the euro currency.

Lagarde will take office on Nov. 1 and will serve a non-renewable term of eight years.

© Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


GlobalTalk
European Union leaders have approved the appointment of Christine Lagarde as the next president of the European Central Bank.The former International Monetary Fund managing director will replace Mario Draghi, who has served as ECB president since 2011.The European Council...
APFN,EU,ECB,Lagarde
98
2019-38-18
Friday, 18 October 2019 07:38 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved