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On 2 July 2019, Christine Lagarde was nominated by the European Council to succeed Mario Draghi as President of the European Central Bank (ECB) on 1 November 2019. [47] On 17 September 2019, the European Parliament voted via secret ballot to recommend her to the position, with 394 in favour, 206 opposed, and 49 abstentions. [72]
The president heads the executive board, Governing Council and General Council of the ECB, and represents the bank abroad, for example at the G20. The officeholder is appointed by a qualified majority vote of the European Council , de facto by those who have adopted the euro, for an eight-year non-renewable term.
The President is appointed by majority in the European Council, de facto by those who have adopted the euro, for an eight-year non-renewable term. The primary objective of the European Central Bank, as mandated in Article 2 of the Statute of the ECB, [5] is to maintain price stability within the Eurozone. Current holder Christine Lagarde ...
ECB President Lagarde speaks to reporters following the Governing Council's monetary policy meeting, in Frankfurt. BUDAPEST (Reuters) -Central bank independence is being questioned in parts of the ...
Assuming tariffs contribute to a surge in inflation, the U.S. central bank is less likely to enact the interest rate cuts markets broadly see as catalyzing growth, Capital Economics Chief North ...
The economy slowed from 0.4% growth in the third quarter as businesses were unsettled by possible trade disruptions under the new administration of U.S. President Donald Trump and as consumers ...
Interim President – Ibrahim Traoré: Interim Prime Minister – Jean Emmanuel Ouédraogo Burundi: President – Évariste Ndayishimiye [γ] Prime Minister – Gervais Ndirakobuca Cambodia: President of the People's Party – Hun Sen [2] King – Norodom Sihamoni: Prime Minister – Hun Manet Cameroon: President – Paul Biya [γ]
Wim Duisenberg, first President of the ECB. The European Central Bank is the de facto successor of the European Monetary Institute (EMI). [7] The EMI was established at the start of the second stage of the EU's Economic and Monetary Union (EMU) to handle the transitional issues of states adopting the euro and prepare for the creation of the ECB and European System of Central Banks (ESCB). [7]