Christine Lagarde named as the new head of the European Central Bank

European Union leaders agreed on Tuesday to name France’s Christine Lagarde as the new head of the European Central Bank and sealed a deal on filling the EU’s other top four jobs after marathon talks that have exposed deep divisions in the bloc. 

Three days of summit negotiations that at times looked close to collapse ended with a deal that now must be approved by the European Parliament and was immediately rejected by the socialist and green bloc in the assembly in Strasbourg. 

“Done!” said Luxembourg’s Prime Minister Xavier Bettel, who was first to break the news on Twitter that leaders had finally clinched a deal. 

Leaders hope the decision to nominate two women, Lagarde and German Defence Minister Ursula von der Leyen, to the top of EU decision-making for the first time will send a positive message and repair damage wrought by such a fractious summit, diplomats said.

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Gary Cartwright

Gary Cartwright

Gary Cartwright is publishing editor of EU Today. 

An experienced journalist and published author, he specialises in environment, energy, and defence.

He also has more than 10 years experience of working as a staff member in the EU institutions, working with political groups and MEPs in various policy areas.

Gary's latest book WANTED MAN: THE STORY OF MUKHTAR ABLYAZOV: A Manual for Criminals on How to Avoid Punishment in the EU is currently available from Amazon 

https://www.amazon.co.uk/WANTE...

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