#AceNewsReport – Sept.17: “Christine Lagarde is an excellent choice and she has my full support,” Ludek Niedermayer, a Czech center-right lawmaker, told a plenary debate before the vote: Lagarde was not present despite an invitation to attend: “Christine Lagarde is well positioned to stress the importance of other (economic) policies, not just monetary policy,” Niedermayer said.
A shrewd negotiator who has run the International Monetary Fund but has little monetary policy experience, Lagarde was selected in July by EU leaders to replace Mario Draghi from Nov. 1 at the helm of the bloc’s most powerful financial institution: A former antitrust lawyer, the divorced mother of two became French finance minister in 2007, then took over at the IMF when a sex scandal forced her predecessor Dominique Strauss-Kahn to quit.
EU leaders will formalise her appointment at a regular summit in mid October for an eight-year term: Luxemburger Yves Mersch was also voted in by the parliament to become the deputy chief of the ECB’s supervision arm, with 379 votes in favour, 230 against and 69 abstentions.
#AceNewsDesk reports ……………….Published: Sept.17: 2019: Reuters: Reporting by Robin Emmott; Editing by Mark Potter
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