This decision and the decision to fill another three important EU jobs was made after hours of talks. The European Council elected Charles Michel as President of the European Council, Ursulla von der Leyen as President of the European Commission, and Josep Borrell Fontelles as the High Representative of the Union for Foreign Affairs and Security Policy. Now, these recommendations will be taken to the European Parliament and the ECB’s Governing Council concerning Lagarde.
In his announcement, the President of the European Council, Donald Tusk said “we have chosen two women and two men for the four key positions. A perfect gender balance. I am really happy about it after all Europe is a woman.”
Speaking about the two women who have been nominated, Tusk said “It will now be for the European Parliament to consider Ursula von der Leyen for the Commission President. If elected, she will be the first woman to lead the European Commission. Christine Lagarde will, with her international background and standing as current managing director of the international monetary fund, be a perfect President of the European Central Bank.”
If Lagarde takes up the position, she will be the head of ECB for a total of eight years.
Analysis and opinions provided herein are intended solely for informational and educational purposes and don't represent a recommendation or investment advice by TeleTrade. Indiscriminate reliance on illustrative or informational materials may lead to losses.
Risk Warning: Trading Forex and CFDs on margin carries a high level of risk and may not be suitable for all investors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.42% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Prior to trading, you should take into consideration your level of experience and financial situation. TeleTrade strives to provide you with all the necessary information and protective measures, but, if the risks seem still unclear to you, please seek independent advice.
© 2011-2021 Teletrade-DJ International Consulting Ltd
Teletrade-DJ International Consulting Ltd is registered as a Cyprus Investment Firm (CIF) under registration number HE272810 and is licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 158/11.
The company operates in accordance with Markets in Financial Instruments Directive (MiFID).
The content on this website is for information purposes only. All the services and information provided have been obtained from sources deemed to be reliable. Telerade-DJ International Consulting Ltd ("TeleTrade") and/or any third-party information providers provide the services and information without warranty of any kind. By using this information and services you agree that under no circumstances shall TeleTrade have any liability to any person or entity for any loss or damage in whole or part caused by reliance on such information and services.
TeleTrade cooperates exclusively with regulated financial institutions for the safekeeping of clients' funds. Please see the entire list of banks and payment service providers entrusted with the handling of clients' funds.
Telerade-DJ International Consulting Ltd currently provides its services on a cross-border basis, within EEA states (except Belgium) under the MiFID passporting regime, and in selected 3rd countries. TeleTrade does not provide its services to residents or nationals of the USA.