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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.
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 European Central Bank hopes U.S. President Donald Trump's plan to support cryptocurrencies pegged to the U.S. dollar will speed up legislative backing for the digital euro, ECB board member ...
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]
Trade tariffs announced by U.S. President Donald Trump could trigger economic uncertainty but the impact on inflation is less clear, European Central Bank Vice President Luis de Guindos said on ...
And despite U.S. policy risks, Citi economists expect euro area economic growth of 1% this year, up from 0.8% in 2024, as ECB rate cuts boost business investment and consumer spending.
In 2006 Costa became vice president of the European Investment Bank under the leadership of president Philippe Maystadt. [5] He was responsible for the banks' funding financing operations in Spain, Portugal, Belgium and Luxembourg, as well as in Asia and South America. He was also a member of the Committee of European Securities Regulators. [6]
President Biden calls his economic and climate programs "the most significant investment in America since the New Deal." Here's the breakdown. Joe Biden pushes out 99% of 'Investing in America ...