The Wall Street Journal: IMF’s Christine Lagarde wins EU support to lead European Central Bank


International Monetary Fund (IMF) Managing Director Christine Lagarde

European leaders have concluded to commission International Monetary Fund Managing Director Christine Lagarde to turn a subsequent boss of a European Central Bank.

As partial of talks to confirm on a line-up of tip jobs in a European Union, officials pronounced member states motionless to behind Lagarde to attain Mario Draghi, whose tenure ends on Oct. 31 and can't be renewed.

The grave capitulation of Lagarde’s nomination, that requires a array of procedural moves, is expected to arrive in a entrance months.

EU leaders nominated German Defense Minister Ursula von der Leyen on Tuesday to turn a boss of a European Commission, a bloc’s executive arm, next Jean-Claude Juncker. Since a comparison EU jobs contingency determine final from a many absolute members of a bloc, a choice of a German as a tip EU central means that France laid explain to a ECB presidency.

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