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Lagarde to inherit an ailing eurozone and an unhappy Trump
After some intense horse-trading, International Monetary Fund managing director Christine Lagarde has been anointed Mario Draghi’s successor as president of the European Central Bank.
That signals a continuity of European monetary policy that won’t please Donald Trump.
- Stephen Bartholomeusz
- Brisbane Times
Lagarde was somewhat of a surprising choice to lead the ECB, having previously said she wasn’t interested in any of the senior eurozone roles, including the ECB presidency.
She would also be, not just the first woman to head the ECB, but the first non-economist and the first without any central banking experience.
Once German defence minister, Ursula von der Leyen won the…