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The president heads the executive board, Governing Council and General Council of the ECB, and represents the bank abroad, for example at the G20. The officeholder is appointed by a qualified majority vote of the European Council , de facto by those who have adopted the euro, for an eight-year non-renewable term.
On 2 July 2019, Christine Lagarde was nominated by the European Council to succeed Mario Draghi as President of the European Central Bank (ECB) on 1 November 2019. [46] On 17 September 2019, the European Parliament voted via secret ballot to recommend her to the position, with 394 in favour, 206 opposed, and 49 abstentions. [71]
The President of the European Central Bank is the head of the European Central Bank (ECB), the institution responsible for the management of the euro and monetary policy in the Eurozone of the European Union. The President heads the executive board, governing council and general council of the ECB and represents the bank abroad, for example at ...
As European Central Bank President Christine Lagarde said in her press conference after the ECB's final meeting of the year, there will be uncertainty "in abundance" in 2025.
Wim Duisenberg, first President of the ECB. The European Central Bank is the de facto successor of the European Monetary Institute (EMI). [7] The EMI was established at the start of the second stage of the EU's Economic and Monetary Union (EMU) to handle the transitional issues of states adopting the euro and prepare for the creation of the ECB and European System of Central Banks (ESCB). [7]
The executive board consists of the president, the vice-president and four other members, one of whom concurrently serves as ECB chief economist. All members are appointed by the European Council by qualified majority for a non-renewable eight-year term.
U.S. President Donald Trump's decision to leave the Paris climate accord for the second time was regrettable but unsurprising, Francois Villeroy de Galhau, a European Central Bank official, said ...
[10] [11] [12] He has been nicknamed Super Mario by some media, a nickname that was popularised during his time as president of the ECB, when he was credited by numerous sources as having played a key role in combatting the Eurozone crisis. [13] [14] After Draghi's term as ECB President ended in 2019, he initially returned to private life.