Top German economist and government adviser Peter Bofinger tells DW that Christine Lagarde will do a good job at the helm of the ECB. At the same time, he says, her not being an economist may be a disadvantage.
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.
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.
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.
IMF Managing Director Christine Lagarde will become the European Central Bank's next president in November. If she replaces Italy's Mario Draghi, a huge change in the eurozone lender's policy seems unlikely.
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