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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.
Timothy Geithner – Former U.S. Treasury Secretary, former President of the Federal Reserve Bank of New York; Min Zhu – Former IMF Deputy Managing Director, former People's Bank of China Deputy Governor; Jitendra Gopal Borpujari - economist on the executive board of the IMF from 1996 to 2005. Carlo Cottarelli - former Prime Minister of Italy ...
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.
The following is a list of past and present members of the Executive Board of the European Central Bank. A member serves for a non renewable term of eight year. Since the ECB was established in 1998, the following people have served as Executive Board members: [ 2 ]
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]
"9 Presidents Who Screwed Up America" comes just in time as the country prepares to select the 45th U.S. president. Hopefully whoever's elected doesn't end up being number 10 on McClanahan's ...
George H.W. Bush. Before: $4 million After: $23 million The elder Bush had grown his net worth by 475% between the time he took office in 1989 and 2017, when The American University study was ...