Christine Lagarde has been appointed chief of the European Central Bank for a non-renewable eight-year term, the European Council announced Friday in a statement
MOSCOW (Pakistan Point News / Sputnik - 18th October, 2019) Christine Lagarde has been appointed chief of the European Central Bank for a non-renewable eight-year term, the European Council announced Friday in a statement.
"Christine Lagarde will replace the outgoing President, Mario Draghi, as of 1 November 2019," the statement said.
Lagarde led the International Monetary Fund from 2011 till 2019, when she relinquished her position following her nomination to the European Central Bank. �
