lagarde

‘Wise Owl’ Lagarde Launches Major ECB Review

December 12, 2019 2:36 pm

Christine Lagarde on Thursday announced a major review of the ECB’s tools and goals and said the eurozone slowdown was beginning to ease, as she made her debut as president vowing to bring her “own style” to the job.

Speaking at a Frankfurt press conference after chairing her first governing council meeting, Lagarde said the bank would launch its “strategic review” next month and aim to finish by “the end of 2020”.

A central focus of the reassessment, the ECB’s first since 2003, will be whether the bank’s main objective of keeping inflation “close to, but below” two percent …

Lagarde Assumes Duty as European Central Bank President

November 1, 2019 1:34 pm

A new era was beginning at the European Central Bank (ECB) on Friday as Christine Lagarde takes over from Mario Draghi at the head of the central bank managing the euro, the currency of the 19-member eurozone.

Lagarde, 63-year-old, succeeds the Italian Draghi, who was in the post for eight years and guided the European Central Bank (ECB) through the aftermath of the global financial crisis.

Ahead of taking office, the former French finance minister expressed her approval for the continuation of the monetary policy pursued by the ECB under Draghi, with ultra-low and negative interest rates, along with asset …

Christine Lagarde: Crisis Fighter At Home In Halls Of Power

Christine Lagarde: Crisis Fighter At Home In Power

October 28, 2019 11:51 am

After a career breaking glass ceilings to join a tiny global elite, Christine Lagarde will bring the experience of cool-headed crisis fighting to her job as the first female head of the European Central Bank.

The 63-year-old Frenchwoman arrives at the ECB after weathering the financial crisis and its aftershocks at the French finance ministry, in 2007-11, and the International Monetary Fund in 2011-19 — the first woman to hold both jobs.

She faced one catastrophic threat after another, from the financial sector meltdown in 2008 to the Greek and Argentine debt crises.

Formerly a successful corporate lawyer, Lagarde is

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Former IMF Chief Lagarde Takes Swipe At Trump’s Tweets

October 19, 2019 12:44 pm

Former IMF chief Christine Lagarde said President Donald Trump’s trade offensive against China could slash global economic growth and she critiqued his Twitter habits in an interview with US television program 60 Minutes.

Lagarde, who takes over leadership of the European Central Bank on November 1, called for world leaders to act like grownups and negotiate a solution to the trade conflicts, and called for “rational decisions.”

Newly freed from the restraints of her previous post, where she would have had to guard her language, Lagarde said, “market stability should not be the subject of a tweet here, a tweet …

Lagarde resigns from IMF, moves to European Central Bank

July 3, 2019 12:23 am

International Monetary Fund (IMF) Managing Director Ms. Christine Lagarde yesterday resigned from the Fund to head European Central Bank.

In a statement, she said: “I am honored to have been nominated for the Presidency of the European Central Bank. 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 Managing Director of the IMF during the nomination period.”

The European Council officially nominated her for the position. She would succeed by Mario Draghi.

Ms. Lagarde, …