"[7] President Nicolas Sarkozy referred to Lagarde's appointment as "a victory for France." "Greece's Aggressive Pursuit of Tax Offenders Appears to Collect More Anger Than Money." ... ECB's de Guindos: ECB … [5] Carstens would have been the first non-European. 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Her father, Robert Lallouette, was a professor of English; her mother, Nicole (Carré),[13] was a Latin, Greek and French literature teacher. [41] However, on 2 July 2019, Lagarde was nominated to serve as the next president of the ECB, to succeed Mario Draghi. [43], In July 2010, Lagarde told the PBS NewsHour that the IMF's lending program for distressed European countries was "a very massive plan, totally unexpected, totally counter-treaty, because it wasn't scheduled in the treaty that we should do a bailout program, as we did." Lagarde will be speaking at the EPC Thought Leadership Forum The EU has recently encountered a historic challenge in terms of its response to … Source: A screenshot, Instagram/europeancentralbank. 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. 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. Between July 2011 and September 2019, she served as Chair and Managing Director of the International Monetary Fund (IMF). ", "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. [42] 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. European Central Bank (ECB) President Christine Lagarde (November 2019 - October 2027) is to speak. ", "IMF's Lagarde warns global economy threatened – Business – Stocks & economy | NBC News", "Greece seeks more time to meet bailout terms", "IMF Concedes It Made Mistakes on Greece", "Greece's creditors close to writing off some of its debt", "Exclusive: Yanis Varoufakis opens up about his five-month battle to save Greece", "IMF stuns Europe with call for massive Greek debt relief", "IMF steps up Greek bailout criticism over debt relief package", "IMF: No Cash Now for Greece Because Europe Hasn't Promised Debt Relief", "Christine Lagarde: Changing of the Guard", "Christine Lagarde: can the head of the IMF save the euro? "[54], In an interview in May 2012, Lagarde was asked about crisis-stricken Greece, but opted for a less than sympathetic response. 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. 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. This comes a few weeks after she described the digital euro as a potential complement to cash, not a … ", "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? [3] A noted antitrust and labour lawyer, Lagarde was the first female Chair of major international law firm Baker & McKenzie, between 1999 and 2004. She committed to providing additional stimulus measures in the December meeting. 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. There she attended the Lycée François 1er (where her father taught) and Lycée Claude Monet. Find out how the ECB promotes safe and efficient payment and settlement systems, and helps to integrate the infrastructure for European markets. [82] On 24 May 2013, after two days of questioning at the Court of Justice of the Republic (CJR), Lagarde was assigned the status of "assisted witness", meaning that she herself was not under investigation in the affair. [84][85] Subsequently, in August 2014 the CJR announced that it had formally approved a negligence investigation into Lagarde's role in the arbitration of the Tapie case. "[55][56] Her comments provoked controversy: Deputy Prime Minister of Greece Evangelos Venizelos said she had "insulted the Greek people", while Greek Prime Minister Alexis Tsipras declared: "We don't need her compassion. Contribution by Christine Lagarde, President of the ECB during the session “Economic, financial and monetary impact of COVID-19 pandemic, and post-crisis options for policies and tools” English. On 18 May 2007, she was moved to the Ministry of Agriculture as part of the government of François Fillon. 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 The Council (Economic and Financial Affairs) then issued a formal recommendation on 9 July 2019. Discover more about working at the ECB and apply for vacancies. [67] When addressing the European Parliament's ECON Committee ahead of her appointment, Lagarde also expressed her willingness to make the ECB play a role in fighting climate change[68] and to carry out a review of the ECB's monetary policy framework. ", "Interview : Christine Lagarde, la face cachée d'une femme de pouvoir", "Christine Lagarde stirs wistful memories for friends in Holton Arms Class of ’74", "Christine Lagarde (French lawyer and politician) – Encyclopædia Britannica", "Christine Lagarde : biographie – Le Nouvel Observateur", "Christine Lagarde, Eleventh Managing Director of IMF – Biographical Information", "Christine Lagarde élue à la tête du CA de Sciences po Aix – Educpros", "Firm Facts | Firm History | Baker & McKenzie", "Christine Lagarde, the eleventh European to head the IMF", "Christine Lagarde: Executive Profile & Biography", "Her Partners Can Call Her Ms. Chairman; Baker & McKenzie Takes Small Step for a Law Firm, Giant Leap for Womankind", "Décret du 18 mai 2007 relatif à la composition du Gouvernement", "Décret du 19 juin 2007 relatif à la composition du Gouvernement", "Christine Lagarde announces IMF candidacy", "IMF: US backs Christine Lagarde for top job", "Germany, Britain back Lagarde to lead IMF", "Soutiens européens à une candidature de Lagarde au FMI", "Lagarde suited to head IMF; India voted for her: Pranab", "France's Christine Lagarde wins IMF top job – Haaretz Daily Newspaper | Israel News", Oxfam has called for the public release of the transcript of Christine Lagarde’s interview with the IMF Board, "Lagarde peut rester à la tête du FMI (Sapin)", Christine Lagarde rules herself out of race for top jobs in EU, "IMF's Christine Lagarde nominated for top job at European Central Bank", IMF chief Christine Lagarde resigns following ECB nomination, "As IMF's New Chief, Will Lagarde 'Keep Smiling'? Christine Lagarde. FILE PHOTO: European Central Bank (ECB) President Christine Lagarde gestures as she addresses a news conference on the outcome of the meeting of the … [53], Questioned about her economic philosophy, Lagarde has described herself as "with Adam Smith—that is, liberal. European Central Bank (ECB) president Christine Lagarde has urged EU countries to solve their disagreements over the €750bn (£670bn) recovery fund, … In 2019, Forbes ranked her number two on its World's 100 Most Powerful Women list. 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 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 "[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. [95][96], Lagarde is divorced and has two sons, Pierre-Henri Lagarde (born 1986) and Thomas Lagarde (born 1988). She handled major antitrust and labour cases, was made partner after six years and was named head of the firm in Western Europe. Confirmed by the European Council in its October summit, Lagarde became the first woman to serve as ECB President. ECB President Christine Lagarde is talking about the digital euro again. To do this, we use the anonymous data provided by cookies. “How Policymakers Should Regulate Cryptoassets and Fintech”. Christine Madeleine Odette Lagarde (French: [kʁistin madlɛn ɔdɛt laɡaʁd]; née Lallouette, IPA: [laluɛt]; born 1 January 1956) is a French politician, businessperson and lawyer serving as President of the European Central Bank since 1st November 2019. To do this, we use the anonymous data provided by cookies. Lagarde also stated that stablecoins pose serious risks. [4], On 5 July 2011, Lagarde replaced Dominique Strauss-Kahn as Managing Director of the IMF for a five-year term. Read about the ECB’s monetary policy instruments and see the latest data on its open market operations. Lagarde and her three younger brothers spent their childhood in Le Havre. Navigation Path: Home›About›Organisation›Decision-making›Christine Lagarde, We are always working to improve this website for our users. [31], On 25 May 2011, Lagarde announced her candidacy to be head of the IMF to succeed Dominique Strauss-Kahn, upon his resignation. [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. She joined the executive committee in 1995 and was elected the company's first female chairman in October 1999. [66][65], As president, Lagarde is expected to maintain the accommodative monetary policy of her predecessor, Mario Draghi. "[57][58] In an effort to quell the negative response, the next day Lagarde updated her Facebook page with: "As I have said many times before, I am very sympathetic to the Greek people and the challenges they are facing. FILE PHOTO: European Central Bank (ECB) President Christine Lagarde gestures as she addresses a news conference on the outcome of the meeting of the … Her appointment came amid the intensification of the European sovereign debt crisis especially in Greece, with fears looming of loan defaults. [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. [57] To her accusations that not enough Greeks paid their taxes, Professor Emeritus John Weeks of the University of London retorted: "The moral weight of Christine Lagarde's matronising of the Greeks to pay their taxes is not strengthened by the fact that, as director of the IMF, she is in receipt of a tax-free annual salary of $468,000 (£298,000, plus perks). [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). [17][22] Since 2010, she has presided over the Aix school's board of directors. [18][19] She graduated from Paris West University Nanterre La Défense, where she obtained master's degrees in English, labor law, and social law. "[59] Within 24 hours, over 10,000 comments had been left in response, many of them obscene. [14][15][16] As a teenager, Lagarde was a member of the French national synchronised swimming team. "[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. [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. “I’m going to be myself, and therefore probably different,” Christine Lagarde declared in a defining monologue at her first press conference as European Central Bank(ECB) president in late 2019.