Today, the European Council appointed Christine Lagarde to be the President of the European Central Bank for a non-renewable term of 8 years, APA reports citing Reuters.
Christine Lagarde will replace the outgoing President, Mario Draghi, as of 1 November 2019.
On 2 July 2019, the European Council considered Christine Lagarde to be the appropriate candidate for President of the European Central Bank.
The Council (Economic and Financial Affairs) then issued a formal recommendation on 9 July 2019. The European Parliament and the European Central Bank delivered their opinions to the European Council, respectively on 17 September 2019 and on 25 July 2019.
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