Appointment of Christine Lagarde as head of the European Central Bank

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Publication Date 2019
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Summary:

Reports and analyses concerning the selection and subsequent appointment of Christine Lagarde to lead the European Central Bank (ECB).

Further information:

Ms Lagarde's name was put forward as part of a package agreed by the European Council on selecting the leading figures of the main institutions of the European Union (EU), following the European Parliament elections in May 2019. The overall agreement was reached on 2 July 2019.

The Council of the European Union adopted on 9 July a Recommendation on the nomination of Ms Lagarde for the ECB presidency, thus formalising the agreement reached by national leaders. On 16 July, Ms Lagarde announced her resignation as head of the International Monetary Fund (IMF). On 25 July, the Governing Council of the ECB adopted an opinion on the recommendation from the Council. The Governing Council raised no objections to the proposed candidate.

On 4 September, the European Parliament's Economics and Monetary Affairs Committee recommended Ms Lagarde for the post of ECB President following a session in which she was questioned on her competences and plans. The endorsement was confirmed by the plenary session of the Parliament on 17 September.

Related Link(s)
Commentary and Analysis
BBC News, 02/07/2019: Christine Lagarde: The 'rock star' of finance https://www.bbc.co.uk/news/business-48847473
Politico, 03/07/2019: ECB needs a rocket scientist, not a rock star https://www.politico.eu/article/ecb-lurches-from-rocket-scientist-to-rock-star-christine-lagarde/
EurActiv, 03/07/2019: Christine Lagarde, a non-conventional pick for the ECB presidency https://www.euractiv.com/section/eu-elections-2019/news/christine-lagarde-a-non-conventional-pick-for-the-ecb-presidency/
Euro|topics, July 2019: The right people for the EU's top jobs? https://www.eurotopics.net/en/222777/
The Guardian, 09/07/2019: The ECB must heed calls to review its policy framework https://www.theguardian.com/business/2019/jul/09/christine-lagardes-arrival-would-be-ideal-time-for-ecb-review
The Guardian, 15/07/2019: Christine Lagarde will have to confront Berlin if she’s to save the euro https://www.theguardian.com/commentisfree/2019/jul/15/christine-lagarde-ecb-berlin-eurozone-yanis-varoufakis
Bloomberg, 25/07/2019: Lagarde’s Future ECB Colleagues Aren’t All Convinced About Her https://www.bloomberg.com/news/articles/2019-07-25/lagarde-s-future-ecb-colleagues-aren-t-all-convinced-about-her
Reuters, 13/08/2019: Draghi's parting gift to tie Lagarde's hands https://www.reuters.com/article/idUSKCN1V30WZ
Bloomberg, 17/09/2019: Draghi Leaves It to Lagarde to Pick Up the Pieces https://www.bloomberg.com/opinion/articles/2019-09-17/mario-draghi-lets-christine-lagarde-pick-up-the-pieces-at-the-ecb

News
Politico, 09/07/2019: EU finance ministers back Lagarde for ECB top job https://www.politico.eu/article/finance-ministers-back-lagarde-for-ecb-top-job/
Deutsche Welle, 16/07/2019: Christine Lagarde steps down as IMF chief, to take up ECB post https://p.dw.com/p/3MAft
BBC News, 16/07/2019: Christine Lagarde resigns as head of IMF https://www.bbc.co.uk/news/business-49009226
Bloomberg, 21/07/2019: Draghi Prepares His Legacy for Like-Minded Lagarde as ECB Meets https://www.bloomberg.com/news/articles/2019-07-21/draghi-prepares-his-legacy-for-like-minded-lagarde-as-ecb-meets
Reuters, 25/07/2019: ECB backs Lagarde's appointment as new president https://www.reuters.com/article/idUSKCN1UK134
TIME, 04/09/2019: Christine Lagarde Defends the European Central Bank's Low Rates as She Prepares to Take Over https://time.com/5669368/christine-lagarde-european-central-bank-rates/
EurActiv, 04/09/2019: Lagarde pledges to continue with Draghi’s loose monetary stance https://www.euractiv.com/section/economy-jobs/news/lagarde-pledges-to-continue-with-draghis-loose-monetary-stance/
EUObserver, 04/09/2019: Rich EU states should spend more, Lagarde says https://euobserver.com/economic/145829
Politico, 04/09/2019: Lagarde charms EU lawmakers as she heads for ECB presidency https://www.politico.eu/article/lagarde-charms-eu-lawmakers-as-she-heads-for-ecb-presidency/
Deutsche Welle, 04/09/2019: Lagarde at EU parliament hearing for ECB presidency https://p.dw.com/p/3P1NZ
Bloomberg, 04/09/2019: ECB Nominee Lagarde Supports Push to Clarify Inflation Goal https://www.bloomberg.com/news/articles/2019-09-04/ecb-nominee-lagarde-supports-push-to-clarify-inflation-goal
The New York Times, 04/09/2019: Lagarde Vows to Put Climate Change on the E.C.B.’s Agenda https://www.nytimes.com/2019/09/04/business/climate-change-ecb-lagarde.html
RTÉ News, 04/09/2019: ECB President hopeful supports bank's current stance https://www.rte.ie/news/business/2019/0904/1073759-lagarde-at-european-parliament/
Reuters, 17/09/2019: Lagarde wins EU lawmakers' approval to lead ECB https://www.reuters.com/article/idUSKBN1W213F
Deutsche Welle, 17/09/2019: EU Parliament backs France's Lagarde as next ECB chief https://p.dw.com/p/3PiI5
RTÉ News, 17/09/2019: Lagarde wins EU approval to lead ECB https://www.rte.ie/news/business/2019/0917/1076440-lagarde-wins-eu-approval-to-lead-ecb/

Official
European Parliament: Legislative Observatory: Procedure File for Appointment of the President of the European Central Bank - Candidate: Ms Christine Lagarde https://oeil.secure.europarl.europa.eu/oeil/popups/ficheprocedure.do?reference=2019/0810(NLE)
ECB: Press Release, 25/07/2019: ECB adopts opinion on appointment of its future President https://www.ecb.europa.eu//press/pr/date/2019/html/ecb.pr190725~ff0d8a1ab8.en.html
European Parliament: Press Release, 04/09/2019: Lagarde recommended for ECB President by Economics and Monetary Affairs Committee http://www.europarl.europa.eu/news/en/press-room/20190904IPR60306/
European Parliament: Opening Statement by Christine Lagarde to the Economic and Monetary Affairs Committee of the European Parliament, 4 September 2019 http://www.europarl.europa.eu/cmsdata/186560/Opening%20Statement%20by%20Christine%20Lagarde%20to%20the%20ECON%20Committee-original.pdf
European Parliament: Written replies of Ms Lagarde to the written questions of MEPs, 4 September 2019 http://www.europarl.europa.eu/meetdocs/2014_2019/plmrep/COMMITTEES/ECON/PR/2019/09-04/1187645EN.pdf
European Parliament: Press Release, 17/09/2019: European Parliament gives green light to Christine Lagarde http://www.europarl.europa.eu/news/en/press-room/20190912IPR60928/

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Record URL https://www.europeansources.info/record/?p=519336