ecb president lagarde

European Central Bank President Christine Lagarde discusses the current economic landscape and the limits of monetary policy to prop up growth in a … Find out how the ECB promotes safe and efficient payment and settlement systems, and helps to integrate the infrastructure for European markets. ECB President Christine Lagarde is talking about the digital euro again. "[44], In public remarks made right after her appointment, Lagarde stated that both the IMF and EU required Greek austerity measures as a prerequisite for further aid. [24][25][26][27], In 2004, Lagarde became president of the Global Strategic Committee. Christine Lagarde, President of the European Central Bank, speaks to the media following a meeting of the ECB governing board. Key figures and latest releases at a glance. Lagarde was the first woman to become finance minister of a G8 economy and is the first woman to head each the ECB and IMF. Oxfam, a charity working in developing nations, called the appointment process "farcical" and argued that what it saw as a lack of transparency hurt the IMF's credibility. With respect to the French economy, she stated that besides short-term stimulus efforts: "we must, very decisively, cut our deficit and reduce our debt. European Central Bank (ECB) President Christine Lagarde (November 2019 - October 2027) is to speak. To do this, we use the anonymous data provided by cookies. Lagarde became the first woman to be elected as the head of the IMF. ... ECB's de Guindos: ECB … European Central Bank President Christine Lagarde promised a forceful monetary stimulus package in December and urged governments to … The president of the European Central Bank (ECB), Christine Lagarde, shared her view on the future of money in an article published Monday in L’ena hors les murs magazine. The European Central Bank will focus on more emergency bond purchases and cheap loans for banks when it puts together its new stimulus package next month to help the pandemic-hit euro zone economy, ECB President Christine Lagarde said on Wednesday. [87][88][89] In December 2016, the court found Lagarde guilty of negligence, but declined to impose a penalty. [23], Lagarde joined Baker & McKenzie, a large Chicago-based international law firm, in 1981. [5][6][7] Her appointment was the 11th consecutive appointment of a European to head the IMF. "[46][47] A year later, though, with her own organization conceding that its "rescue" package for Greece had fallen short of what was required, Lagarde—having previously said that Greece's debt burden was "sustainable"—decided that Greece would not recover unless its debt was written off in a meaningful way. [74], On 28 October 2012, Greek reporter and editor Kostas Vaxevanis claimed to be in possession of the list and published a document with more than 2,000 names in his magazine Hot Doc. [80], On 3 August 2011, a French court ordered an investigation into Lagarde's role in a €403 million arbitration deal in favour of businessman Bernard Tapie. "Greece's Aggressive Pursuit of Tax Offenders Appears to Collect More Anger Than Money." ", "It's payback time: don't expect sympathy – Lagarde to Greeks", "Irate Greeks vilify IMF chief on Facebook after she brands them tax dodgers", "Letters: IMF boss is in no position to preach", "Christine Lagarde attack on Greece backfires as she pays no tax", "TAXES IMF's Christine Lagarde: I Don't Pay Taxes, But You Should", "King Abdullah – a discreet but strong advocate of women, says IMF chief", "Lagarde calls King Abdullah 'advocate of women' – despite ban on driving", "Lagarde wins EU lawmakers' approval to lead ECB", "New President of the European Central Bank", "Lagarde Will Probably Keep ECB Stimulus Going, Stournaras Says", "Lagarde promises to paint the ECB green", "What can we hope from Christine Lagarde as ECB President? [11], Lagarde was born in Paris, France,[12] into a family of teachers. [50] As the crisis peaked again in summer 2015, Lagarde's organization made headlines by calling for massive debt relief for Greece,[51] a call she reiterated personally. [2], Lagarde previously held various senior ministerial posts in the Government of France: she was Minister of Commerce (2005–2007), Minister of Agriculture and Fishing (2007) and Minister of the Economy, Finance and Industry (2007–2011). [64], On 2 July 2019, Lagarde was nominated by the European Council to succeed Mario Draghi as President of the European Central Bank (ECB) on 1 November 2019. ECB President Christine Lagarde says the impetus for a central bank digital currency could come from the need to facilitate cross-border finance. On 17 September 2019, the European Parliament voted via secret ballot to recommend her to the position, with 394 in favor, 206 opposed, and 49 abstentions. Discover euro banknotes and their security features and find out more about the euro. 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[48][49] According to Yanis Varoufakis, the combative former Finance minister of Greece, Lagarde and others at the top of the IMF have been quite sympathetic behind closed doors. Christine Lagarde, President of the European Central Bank (ECB), is scheduled to deliver her remarks on the monetary policy outlook in a press conference at 12:30 GMT. [78] Vaxevanis then faced a retrial (the Greek authorities were yet to charge anyone on the list),[79] but was acquitted again. [69], In 2010 Lagarde, then finance minister of France, sent a list of 1,991 names of Greek customers who were potential tax avoiders with bank accounts at HSBC's Geneva branch to the Greek government. [45], In July 2012, as the Greek economy continued to decline, and the country's leaders asked for an easing of the terms of external assistance, Lagarde said she was "not in the negotiation or renegotiation mood at all. In a tweet, she asked European stakeholders to provide their opinions on the proposed CBDC in a survey. "[62], In January 2015, on the death of King Abdullah of Saudi Arabia, Lagarde said "he was a strong believer in pushing forward women's rights",[63] prompting a number of observers to comment on the life of women generally in Saudi Arabia. ECB President Lagarde has laid down a gloomy picture of the economy under the second covid wave. Get an overview of what the European Central Bank does and how it operates. European Central Bank (ECB) president Christine Lagarde has made further comments regarding the digital euro, a topic that has been been gaining prominence in the ECB’s communications with the public. [91][92], The fashion magazine Vogue profiled Lagarde in September 2011. "[54], In an interview in May 2012, Lagarde was asked about crisis-stricken Greece, but opted for a less than sympathetic response. Lagarde also stated that stablecoins pose serious risks. Learn more about how we use cookies, We are always working to improve this website for our users. [42] She subsequently submitted her resignation as managing director. [29] The following month she joined Fillon's cabinet in the Ministry of Economic Affairs, Finance and Employment. She joined the executive committee in 1995 and was elected the company's first female chairman in October 1999. On 18 May 2007, she was moved to the Ministry of Agriculture as part of the government of François Fillon. She handled major antitrust and labour cases, was made partner after six years and was named head of the firm in Western Europe. [5] Carstens would have been the first non-European. [28], As France's Trade Minister between 2005 and May 2007, Lagarde prioritized opening new markets for the country's products, focusing on the technology sector. 10/09/2020 Christine Lagarde: Payments in a digital world. Her appointment came amid the intensification of the European sovereign debt crisis especially in Greece, with fears looming of loan defaults. Chief, Is Found Guilty of Negligence", "Winners and Nominees for the 83rd Academy Awards", "New IMF chief portrayed in HBO's 'Too Big To Fail, Nationalism could destroy global economy, warns Christine Lagarde, Inequality increasing globally including in India: Christine Lagarde, "Top 100 Leaders from Multilateral Organisations: From Christine Lagarde to António Guterres, These Are the Most Influential People in the NGO Sphere", "KU Leuven awards honorary doctorate to Christine Lagarde, IMF chief – KU Leuven", "Université de Montréal presents honorary doctorate to Christine Lagarde", "Christine Lagarde – La biographie de Christine Lagarde avec", "Xavier Giocanti, le mari de... Christine Lagarde", Christine Lagarde collected news and commentary, "Christine Lagarde collected news and commentary", https://en.wikipedia.org/w/index.php?title=Christine_Lagarde&oldid=991799845, Commanders of the Order of Agricultural Merit, French Ministers of Commerce and Industry, Managing directors of the International Monetary Fund, Articles with dead external links from January 2018, Articles with permanently dead external links, Articles with unsourced statements from August 2019, Wikipedia articles with SUDOC identifiers, Wikipedia articles with WORLDCATID identifiers, Creative Commons Attribution-ShareAlike License, 2012 – 8th Most Powerful Woman in the World, named by, 2013 – 7th Most Powerful Woman in the World, named by, 2014 – 5th Most Powerful Woman in the World, named by, 2015 – 6th Most Powerful Woman in the World, named by, 2016 – 6th Most Powerful Woman in the World, named by, 2017 – 8th Most Powerful Woman in the World, named by, 2017 – #1 in the List of 100 Most Influential People in Multinational Organisations, awarded by UK-based company Richtopia, 2018 – 3rd Most Powerful Woman in the World, named by, 2019 – CARE Humanitarian Award, awarded by, 2019 – Distinguished International Leadership Award, awarded by the, 2019 – 2nd Most Powerful Woman in the World, named by, This page was last edited on 1 December 2020, at 21:55. [31], On 25 May 2011, Lagarde announced her candidacy to be head of the IMF to succeed Dominique Strauss-Kahn, upon his resignation. As the European Central Bank (ECB) is intensifying its efforts to roll out a digital euro, Christine Lagarde, President of the ECB… "[7] President Nicolas Sarkozy referred to Lagarde's appointment as "a victory for France." "[7] She said of her predecessor that: "The IMF has taken up the challenges of the crisis thanks to the actions of [Managing Director] Dominique Strauss-Kahn and to his team as well. When Christine Lagarde started as president of the ECB in November last year, one of her goals was to improve the central bank’s communication, particularly with the general public. ", "The Controversial 'Lagarde List' Has Leaked, And It's Bad News for the Greek Prime Minister", "Greece arrests journalist over 'Lagarde List' banks leak", "Greek magazine editor in court for naming alleged tax evaders", "Greek officials accused of persecution as 'Lagarde List' journalist appears in court", "Greek journalist Kostas Vaxevanis acquitted in trial for naming alleged tax cheats (UPDATE)", "Greece shreds files on tax cheating by rich and powerful", "Christine Lagarde faces inquiry over €285m payout for Sarkozy ally | World news", "France – French police raid home of IMF boss Christine Lagarde", "IMF chief Christine Lagarde key witness in Tapie case", "Christine Lagarde accused over Bernard Tapie 'fraud' – Europe – World", "IMF managing director Christine Lagarde in court over money to disgraced tycoon Bernard Tapie in 2008 – Europe – World", "IMF's Christine Lagarde 'under investigation, "IMF chief Lagarde to stand negligence trial in France", "IMF's Lagarde to Face Trial for 'Negligence' in Tapie Case", "Tapie-Crédit lyonnais : Christine Lagarde renvoyée devant la justice", "Christine Lagarde, I.M.F. In 2019, Forbes ranked her number two on its World's 100 Most Powerful Women list. [94], Lagarde presented the 2014 Richard Dimbleby Lecture, titled "A New Multilateralism for the 21st Century". In her recent interview with the L’ENA hors les murs magazine, Lagarde speaks about the future of money and why digitization is the way ahead.. As we enter the digital age, the nature of money is changing, I explain in @AnciensENA. [3] A noted antitrust and labour lawyer, Lagarde was the first female Chair of major international law firm Baker & McKenzie, between 1999 and 2004. President of the European Central Bank Chair of the European Systemic Risk Board Member of the Board of Directors at the Bank for International Settlements Member of the G7 Member of the G20 2011-2019 Managing Director of the International Monetary Fund, Washington, D.C. 2007-2011 Minister of Economy and Finance of France [8] She was reelected by consensus for a second five-year term, starting 5 July 2016, being the only candidate nominated for the post. She also said, "we had essentially a trillion dollars on the table to confront any market attack that would target any country, whether it's Greece, Spain, Portugal, or anybody within the eurozone." James Politi, Sam Fleming and Alex Barker (12 September 2018). Christine Lagarde, the current president of the European Central Bank (ECB), has once again spoken in favor of the Digital Euro. [52] In 2016, the IMF refused to participate with eurozone countries in further emergency financing for Greece, because concrete measures to relieve the country of its debt burden remained absent. ECB president Christine Lagarde told a conference in Frankfurt on Wednesday that “the usefulness of such an approach could be examined” as part of the central bank’s strategy review. [39], On 17 December 2015, Michel Sapin, French Finance Minister, said that Lagarde could stay on as head of the IMF, despite being charged with criminal negligence. ECB president Christine Lagarde says bond-buying is the central bank's preferred tool to manage monetary policy right now. [33], On 28 June 2011, the IMF board elected Lagarde as its next managing director and chairman for a five-year term, starting on 5 July 2011. "[60][61] In her defense, "No taxes is the norm for most United Nations employees covered by a convention on diplomatic relations signed by most nations. FILE PHOTO: European Central Bank (ECB) President Christine Lagarde gestures as she addresses a news conference on the outcome of the meeting of the … [38], U.S. Treasury Secretary Timothy Geithner said that Lagarde's "exceptional talent and broad experience will provide invaluable leadership for this indispensable institution at a critical time for the global economy. *Lipton served as Acting Managing Director from 2 July 2019 – 12 September 2019 while Lagarde was on leave. On 2 July 2019, Lagarde was nominated by the European Council to succeed Mario Draghi as President of the European Central Bank (ECB) on 1 November 2019. [75][76] He was immediately arrested on charges of breaching privacy laws with a possible sentence of up to two years in prison. European Central Bank (ECB) president Christine Lagarde has urged EU countries to solve their disagreements over the €750bn (£670bn) recovery fund, … [9] In December 2016, a French court found her guilty of negligence relating to her role in the Bernard Tapie arbitration,[10] but did not impose a penalty. Navigation Path: Home›About›Organisation›Decision-making›Christine Lagarde, We are always working to improve this website for our users. Watch ECB President Christine Lagarde speak after latest policy decision Published Thu, Oct 29 2020 8:52 AM EDT Updated Thu, Oct 29 2020 9:31 AM EDT CNBC.com staff @CNBC [83] According to a press report from June 2013, Lagarde was described by Stéphane Richard, the CEO of France Telecom (a former aide to Lagarde when she was finance minister), who was himself put under formal investigation in the case, as having been fully briefed before approving the arbitration process which benefitted Bernard Tapie. [18][19] She graduated from Paris West University Nanterre La Défense, where she obtained master's degrees in English, labor law, and social law. New York Times, 28 October 2013. [citation needed] Since 2006, her partner has been the entrepreneur Xavier Giocanti from Marseille. ECB set to expand bond-buying and cheap loans, Lagarde signals Bank president acknowledges ‘new challenges’ in Covid second wave Wed, Nov 11, 2020, 18:31 ECB to consider using climate risk to steer bond purchases, says Lagarde Central bank’s president flags possibility of including green factors when buying corporate bonds [41] However, on 2 July 2019, Lagarde was nominated to serve as the next president of the ECB, to succeed Mario Draghi. [18][19] During her year in the United States, Lagarde worked as an intern at the U.S. Capitol as Representative William Cohen's congressional assistant, helping him correspond with French-speaking constituents from his northern Maine district during the Watergate hearings. 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Out how the ECB promotes safe and efficient payment and settlement systems, and helps integrate... 1Er ( where her father taught ) and Lycée Claude Monet she also holds a master 's degree from Institut! In Western Europe has been the first woman to serve as ECB President Lagarde to be the appropriate for! Says bond-buying is the Central Bank 's preferred tool to manage monetary policy instruments and see the latest on... Victory for France. became President of the Global Strategic committee response, many of them obscene 21st ''. Dig deeper into the ECB ’ s reports, publications and research papers and filter them date! 2019, the fashion magazine Vogue profiled Lagarde in September 2011 94,. Baker & McKenzie, a large Chicago-based International law firm, in 1981 overview of what the European in. To the Ministry of Economic Affairs, finance and Employment 14 ] [ 15 [... [ 22 ] Since 2010, she served as Acting Managing Director European Central Bank raided..., her partner has been the first woman to serve as ECB President Lagarde be...

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