Political leaders have wished incoming ECB chief Christine Lagarde a good start as the new guardian of the euro. They also thanked Mario Draghi for protecting the currency during the global financial crisis.
The European Central Bank's first female president inherits an almost empty toolbox from her predecessor — at a time when persistently low inflation and weak growth are showing the limits of monetary policy.
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.
The European Central Bank's new president has urged European countries to invest and innovate as concerns of an economic slowdown intensify. She warned that export growth could no longer be relied upon to boost growth.
© 2020 Deutsche Welle |
Legal notice |
| Mobile version