EU leaders formally appointed Christine Lagarde Friday to become European Central Bank president on November 1.
The former International Monetary Fund boss and French finance minister will serve a nonrenewable eight-year term as president, succeeding Mario Draghi.
Lagarde tweeted her “sincere thanks to European leaders.” She said, “It is an honour to succeed Mario Draghi. I am looking forward to working with the ECBs talented staff to keep euro area prices stable and banks safe.”
Government leaders officially completed the ECB selection process during a summit meeting in Brussels. Their approval was ceRead More – Source