Christine Lagarde Nominated as New Head of ECB
03.07.2019, 07:02

Christine Lagarde Nominated as New Head of ECB

The EU leaders chose Christine Lagarde to replace Mario Draghi as the head of the European Central Bank (ECB) yesterday. Lagarde, who is said to take over in October if the decision is backed up, will be the first woman to run the euro-area monetary policy.

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.

Symbol Bid Ask Time

© 2000-2023. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at

Live Chat E-mail
Choose your language / location