October 18, 2019 / 10:28 AM / a month ago

EU leaders confirm Christine Lagarde's appointment as head of ECB

FILE PHOTO: International Monetary Fund Managing Director Christine Lagarde arrives for the Women's Forum Americas, at Claustro de Sor Juana University in Mexico City, Mexico, May 30, 2019. REUTERS/Carlos Jasso/File Photo

BRUSSELS (Reuters) - European Union leaders confirmed on Friday the appointment of Christine Lagarde as the new chief of the European Central Bank, replacing Mario Draghi from November 1.

Lagarde’s confirmation for a non-renewable term of eight years comes after EU leaders nominated her for the position on July 2.

Reporting by Marine Strauss @StraussMarine

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