IMF’s Christine Lagarde nominated to become next ECB president
By Megan Henney
Published July 02, 2019
IMF chief Christine Lagarde argues the biggest threat to capitalism is climate change.
European UnionOpens a New Window. leaders agreed to nominate International Monetary Fund Managing Director Christine Lagarde as the next president of the European Central Bank, when Mario Draghi’s eight-year tenure comes to an end in October.
Lagarde, 63, is a former French finance minister who took control of the IMF in 2011, becoming the first woman to head the Washington-based organization. Under her tenure, the IMF was instrumental in securing bailouts for struggling economies across Europe, particularly Greece.
"I am honored to have been nominated for the ECB presidency," she wrote in a tweet on Tuesday. "In light of this, and in consultation with the Ethics Committee of the IMF Executive Board, I have decided to temporarily relinquish my responsibilities as IMF Managing Director during the nomination period."
Her term at the IMF runs until July 2021; she’s previously described herself and her economic views as “with Adam Smith -- that is, liberal.“
Largarde's nomination still must be formally approved.
As reported by Reuters, Lagarde previously blamed the global financial crisis in 2008 in part on testosterone-fueled greed, once saying: “If it had been Lehman Sisters rather than Lehman Brothers, the world might well look a lot different today.”
Forbes ranked Lagarde as one of the most powerful women in the world, behind only Germany's Angela Merkel and British Prime Minister Theresa May.
Meanwhile, EU leaders nominated German Defense Minister Ursula von der Leyen on Tuesday to become the next president of the European Commission, succeeding Jean-Claude Juncker.
Source: Fox Business
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All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © 2019 Dinar Chronicles
By Megan Henney
Published July 02, 2019
IMF chief Christine Lagarde argues the biggest threat to capitalism is climate change.
European UnionOpens a New Window. leaders agreed to nominate International Monetary Fund Managing Director Christine Lagarde as the next president of the European Central Bank, when Mario Draghi’s eight-year tenure comes to an end in October.
Draghi -- who played a vital role in Europe’s economic recovery -- will see his term, which cannot be renewed, come to an end at the end of October.I am honored to have been nominated for the @ECB Presidency. In light of this, and in consultation with the Ethics Committee of the IMF Executive Board, I have decided to temporarily relinquish my responsibilities as IMF Managing Director during the nomination period.— Christine Lagarde (@Lagarde) July 2, 2019
Lagarde, 63, is a former French finance minister who took control of the IMF in 2011, becoming the first woman to head the Washington-based organization. Under her tenure, the IMF was instrumental in securing bailouts for struggling economies across Europe, particularly Greece.
"I am honored to have been nominated for the ECB presidency," she wrote in a tweet on Tuesday. "In light of this, and in consultation with the Ethics Committee of the IMF Executive Board, I have decided to temporarily relinquish my responsibilities as IMF Managing Director during the nomination period."
Her term at the IMF runs until July 2021; she’s previously described herself and her economic views as “with Adam Smith -- that is, liberal.“
Largarde's nomination still must be formally approved.
As reported by Reuters, Lagarde previously blamed the global financial crisis in 2008 in part on testosterone-fueled greed, once saying: “If it had been Lehman Sisters rather than Lehman Brothers, the world might well look a lot different today.”
Forbes ranked Lagarde as one of the most powerful women in the world, behind only Germany's Angela Merkel and British Prime Minister Theresa May.
Meanwhile, EU leaders nominated German Defense Minister Ursula von der Leyen on Tuesday to become the next president of the European Commission, succeeding Jean-Claude Juncker.
Source: Fox Business
______________________________________________________
If you wish to contact the author of any reader submitted guest post, you can give us an email at UniversalOm432Hz@gmail.com and we'll forward your request to the author.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © 2019 Dinar Chronicles
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