Lagarde Could Replace Draghi at the ECB

July 2, 2019 Share Print 0

Christine Lagarde, the managing director of the International Monetary Fund (IMF), is one name being touted as a possible replacement for Mario Draghi, the president of the European Central Bank (ECB).

The leaders of the 28 EU member states are currently locked in discussions to figure out who will lead the various European institutions, following parliamentary elections in May. All of the main EU bodies, which includes the ECB, need a new president.

Four different EU officials confirmed to CNBC that Lagarde is one of the possible names for the ECB’s top job. The current president, Draghi, finishes his eight-year mandate in October and his successor would be in place the following month.

via CNBC

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.