Lagarde believes that the monetary stimulus are “justified” in the long plazoLagarde in the ECB, it follows the fiesta to Spain!Winners and losers of low interest rates
The full European Parliament has given you this Tuesday the nod to the nomination of the French Christine Lagarde to head the European Central Bank (ECB), at the end of the mandate of the Italian Mario Draghi as the next October 31.
In a non-binding vote, meps supported by 394 votes in favour, 206 against and 49 abstentions the candidacy of Lagarde, exdirectora manager of the International Monetary Fund and former minister of French Economy.
Lagarde was chosen in July by the heads of State and Government of the EU to preside over the ECB from next 1 November.
Although both the european Parliament as the ECB itself should decide on the appointments of the members of the executive board of the issuer, their support is not essential to assume the position of those who have been designated by the member States.
Lagarde is already I had overcome a hearing before the Economic Affairs committee of the european Parliament the last of September 4, who validated his candidacy, with 37 votes in favour, 11 against and 4 abstentions, in a non-binding vote after nearly three hours of debate with her.
The final decision that will put Lagarde at the head of the issuer of the eurozone take the heads of State and Government in the european summit of October .
Absent in the full
Lagarde has not been today to present to the full, despite the fact that was invited to , and meps held a debate on the role of the ECB in the economic policy of the European Union in which many speakers took the opportunity to assess the candidacy of the French.
the leader of The EPP in the committee on Economic Affairs, the German Markus Ferber, has said his group strongly supports Lagarde and that under its mandate the ECB will have to better communicate its monetary policy.
For its part, the socialist mep from Spanish Jonás Fernández has stated that support to Lagarde because “decided to maintain a line of continuity” with the work of Draghi’s “that has managed to save the euro in very critical times,” and, at the same time, by reviewing the monetary policy framework of the ECB.
The leader of the liberal group in the economic commission, the spaniard Luis Garicano, has also defended the ECB’s policy in recent years and has underlined that EU countries “are not doing their part”.
More critical with Lagarde has shown the mep of united Left-Manon Aubry, that has disfigured his absence the candidate to the presidency of the ECB and has called for a “monetary policy that serves the ecological transition, and social.”
