Christine Lagarde, will she be the first woman to head the European Central Bank?

03 July 2019

Christine Lagarde, who heads the International Monetary Fund (IMF) since 2011 and was realected in 2016, resigins temporarily at the IMF. Christine Lagarde announced her temporary resignation from the body after being nominated to head the European Central Bank. Legarde responded on Twitter to the nomination made by leaders of the European Union. Deputy Director David Lipton will take the position of acting director at the International Monetary Fund (IMF).

Christine Lagarde: “I am honored that I am 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.”, she said on Twitter


Should the appointment be confirmed, Lagarde would become the first woman to head the European Central Bank. During the third day of negotiations, France President Emmanual Macron proposed his compatriot for the position before the leaders of the European Union (EU), who will decide who will be in charges for the next five years.


Inside sources indicated that “things are moving smoothly”, even indicated that German Chancellor Angela Merkel, the most powerful leader of the block, was “very positive” on the proposal of Lagarde, a former center-right finance minister .

Proposed head of the European Commission

The German Defense Minister, Ursula von der Leyen, isalso proposed to head the European Commission.

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