		<div class="wpcnt">
			<div class="wpa">
				<span class="wpa-about">Advertisements</span>
				<div class="u top_amp">
							<amp-ad width="300" height="265"
		 type="pubmine"
		 data-siteid="111265417"
		 data-section="2">
		</amp-ad>
				</div>
			</div>
		</div><p>The European Central Bank’s governing council has signed off on the nomination of International Monetary Fund head Christine Lagarde as the next head of Europe’s top monetary authority.</p>
<p>The council delivered its opinion, required under the appointment procedure enshrined in the European Union’s basic treaty, that Ms Lagarde is a person “of recognised standing and professional experience in monetary or banking matters”.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
<p lang="en" dir="ltr">The Governing Council of the ECB has no objection to the recommendation of <a href="https://twitter.com/hashtag/ECOFIN?src=hash&;ref_src=twsrc%5Etfw">#ECOFIN</a> to appoint Christine <a href="https://twitter.com/Lagarde?ref_src=twsrc%5Etfw">@Lagarde</a> as the next ECB President. Next steps:</p>
<p>â¶ï¸ Consultation of <a href="https://twitter.com/Europarl_EN?ref_src=twsrc%5Etfw">@Europarl_EN</a><br />â¶ï¸ Final appointment by European Council in October<a href="https://t.co/njrePuF5uJ">https://t.co/njrePuF5uJ</a> <a href="https://t.co/73ryqaDpeh">pic.twitter.com/73ryqaDpeh</a></p>
<p>&mdash; European Central Bank (@ecb) <a href="https://twitter.com/ecb/status/1154315913874804736?ref_src=twsrc%5Etfw">July 25, 2019</a></p></blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>Ms Lagarde also faces hearings, probably in late September or early October, in the European Parliament, but parliament cannot block the nomination made by the heads of eurozone governments.</p>
<p>The European Council of heads of state and government must formally confirm the appointment, in which case she would succeed Mario Draghi on November 1 for an eight-year non-renewable term.</p>
			<div style="padding-bottom:15px;" class="wordads-tag" data-slot-type="belowpost">
				<div id="atatags-dynamic-belowpost-68ecc40b845db">
					<script type="text/javascript">
						window.getAdSnippetCallback = function () {
							if ( false === ( window.isWatlV1 ?? false ) ) {
								// Use Aditude scripts.
								window.tudeMappings = window.tudeMappings || [];
								window.tudeMappings.push( {
									divId: 'atatags-dynamic-belowpost-68ecc40b845db',
									format: 'belowpost',
								} );
							}
						}

						if ( document.readyState === 'loading' ) {
							document.addEventListener( 'DOMContentLoaded', window.getAdSnippetCallback );
						} else {
							window.getAdSnippetCallback();
						}
					</script>
				</div>
			</div>
Discover more from London Glossy Post
Subscribe to get the latest posts sent to your email.
