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ECB Presidency: European Parliament Nominates Christine Lagarde

Unic Press UK: A former Managing Director of the International Monetary Fund (IMF), Christine Lagarde has been nominated for President of the European Central Bank (ECB).

Lagarde nomination on Tuesday follows a secret vote during a plenary session, in which, the Members of the European Parliament (MEPs) “voted 394 in favour, 206 against and 49 abstentions”.

In a press release yesterday, the European Parliament said: “In the secret vote, MEPs voted 394 in favour, 206 against and 49 abstentions to recommend Ms Lagarde to head up the European Central Bank. The European Parliament gives a non-binding opinion on whether or not a candidate is suitable to fill the role of President of the ECB, with the final decision taken by the European Council. She is due to replace the current incumbent, Mario Draghi on 1 November.”

Ms Lagarde’s nomination will now be on the agenda at the European Council summit in October.

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