ECB backs Lagarde's appointment as new president
  • ECONOMY

  • 14:10 25 July 2019

ECB backs Lagarde's appointment as new president

The European Central Bank said on Thursday it had “no objection” to Christine Lagarde becoming its new president, saying she has the experience required for the job, ONA reports citing Reuters.

“The Governing Council has no objection to the proposed candidate, Christine Lagarde, who is a person of recognized standing and professional experience in monetary or banking matters,” the ECB said.

The ECB’s announcement is a formal step toward Lagarde’s appointment by euro zone governments. She would then replace Mario Draghi on Nov. 1.

Faig Mahmudov

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