Parliament greenlights Lagarde as ECB head

Christine Lagarde got on Tuesday European Parliament’s approval to be the ECB’s next President. In the secret ballot in the plenary, MEPs voted 394 in favour, 206 against and 49 abstentions to recommend Lagarde to head up the bank.

The Parliament gives a non-binding opinion on whether or not a candidate is suitable to fill the role of ECB President, with the final decision taken by the European Council. Her candidature will now be put on the agenda of October's Council summit. Lagarde is to replace the current incumbent Mario Draghi on 1 November.

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