Purists lament as most cheer Lagarde as next ECB chief

Lagarde expected to adopt similar philosophy to Draghi at ECB

European finance ministers this week formally endorsed the nomination of International Monetary Fund managing director Christine Lagarde to succeed Mario Draghi as the next president of the European Central Bank (ECB).

Lagarde is considered an ‘A list’ replacement for Draghi, whose term ends on October 31. Senior IMF colleagues effuse about the erudite Frenchwoman’s “visionary leadership” qualities, which have helped to enhance the credibility of the Fund during her term, while also stating she

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