The nod from EU lawmakers paves the way for Lagarde to take up the post with the European Central Bank in November. Once formally confirmed, she will be the ECB's first female president.
Interest rate cuts and bond-buying programs to boost Europe's flagging economy "overshot the mark," according to Jens Weidmann. And he wasn't the only central banker to criticise Mario Draghi's monetary policy plans.
Outgoing ECB President Mario Draghi has pledged indefinite stimulus to revive a flagging eurozone economy. Rates have been cut even deeper into negative territory and bond purchases will restart
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