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IMF's Lagarde tapped to head ECB as EU reaches deal on top jobs

Section: Daily Dispatches

By Alex Barker, Michael Peel, Jim Brunsden, and Mehreen Khan
Financial Times, London
Tuesday, July 2, 2019

European leaders have agreed a deal to fill the EU's most important jobs, backing Christine Lagarde to lead the European Central Bank and Ursula von der Leyen to be president of the European Commission.

On the third day of a gruelling summit in Brussels, EU leaders gave near-unanimous support for a package based around Lagarde, France's former finance minister, who is now head of the International Monetary Fund, and von der Leyen, Germany's defense minister.

... Dispatch continues below ...


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But the proposed deal remains unconfirmed because it is facing resistance from parts of the European Parliament, which must back von der Leyen's appointment. German Chancellor Angela Merkel had to abstain on the deal because of resistance from some of her party's coalition partners in Berlin. ...

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