IMF’s Christine Lagarde Wins EU Support to Lead European Central Bank

IMF chief Christine Lagarde wins support from EU leaders to become the next ECB president, in a surprise decision

BRUSSELS—European leaders on Tuesday nominated International Monetary Fund Managing Director Christine Lagarde to become the next president of the European Central Bank.

As part of talks to decide on a slate of top jobs in the European Union, officials said member states decided to back Ms. Lagarde to succeed Mario Draghi, whose term ends on Oct. 31 and cannot be renewed. “The European Council nominates Christine Lagarde as candidate for President of the European Central Bank,” tweeted European Council President Donald Tusk...

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