Latest Issue

Christine Lagarde appointment: EU leaders have sent a powerful signal about the future of the eurozone

The likely next head of the European Central Bank will cement its reinvention under Mario Draghi

By Paul Wallace  

IMF chief and likely the next European Central Bank president. Photo: Ting Shen/Xinhua News Agency/PA Images

In choosing Christine Lagarde, the French head of the International Monetary Fund, to lead the European Central Bank, EU leaders have thrown convention to the wind. For one thing, a woman will now be Europe’s top central banker for the first time in the ECB’s 21-year history. That is welcome. For another, she will be the first person to hold that post without any experience as a central banker. That is less so.

Register today to continue reading

You’ve hit your limit of three articles in the last 30 days. To get seven more, simply enter your email address below.

You’ll also receive our free e-book Prospect’s Top Thinkers 2020 and our newsletter with the best new writing on politics, economics, literature and the arts.

Prospect may process your personal information for our legitimate business purposes, to provide you with newsletters, subscription offers and other relevant information.

Click here to learn more about these purposes and how we use your data. You will be able to opt-out of further contact on the next page and in all our communications.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

We want to hear what you think about this article. Submit a letter to

More From Prospect