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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.
Scott Kenneth Homer Bessent (/ ˈ b ɛ s ən t / BESS-ənt; born August 21, 1962) is an American investor and hedge fund manager who has served since 2025 as the 79th United States secretary of the treasury. [1] He was a partner at Soros Fund Management and the founder of Key Square Group, a global macro investment firm. [2] [3]
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.
European Central Bank (ECB) chief, Christine Lagarde, has advised Europe's leaders to adopt a "cheque-book strategy" and negotiate with Trump rather than retaliate against his proposed tariffs.
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 ...
New tariffs "could be particularly devastating" for Mexico and Canada, but also be "harmful" to the US, according to Maurice Obstfeld, a former chief economist at the International Monetary Fund ...
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]
[10] [11] [12] He has been nicknamed Super Mario by some media, a nickname that was popularised during his time as president of the ECB, when he was credited by numerous sources as having played a key role in combatting the Eurozone crisis. [13] [14] After Draghi's term as ECB President ended in 2019, he initially returned to private life.