Christine Lagarde

European Union leaders agreed on Tuesday to name France's Christine Lagarde as the new head of the European Central Bank and sealed a deal on filling the EU's other top four jobs after marathon talks that have exposed deep divisions in the bloc.

European Union leaders are considering a list of top job candidates that would have German Defense Minister Ursula von der Leyen become president of the executive European Commission and Belgian Prime Minister Charles Michel the head of the European Council.

German defense minister Ursula von der Leyen may end up as European Commission President while IMF head Christine Lagarde may become new president of the European Central Bank following an agreement between France and Germany, said sources.

The head of International Monetary Fund (IMF), Christine Lagarde, said the fund would be willing to help Turkey if its finances continue to deteriorate, but President Recep Tayyip Erdogan does not appear eager to ask for assistance.

The head of International Monetary Fund (IMF), Christine Lagarde, said the fund would be willing to help Turkey if its finances continue to deteriorate, but President Recep Tayyip Erdogan does not appear eager to ask for assistance.

The government on Monday submitted its application for the early repayment of a costly section of Greece's loans from the International Monetary Fund, as agreed last month between Finance Minister Euclid Tsakalotos and IMF Managing Director Christine Lagarde.

The decision for the early repayment of part of the International Monetary Fund loans to Greece is expected to feature in talks Finance Minister Euclid Tsakalotos will have in Washington on Friday with the Fund's Managing Director Christine Lagarde, as well as the head of the IMF's European Department, Poul Thomsen.

Eurozone countries must set aside national concerns about exposure to risks from other countries' banks and build a shared bank deposit insurance system, International Monetary Fund chief Christine Lagarde said on Thursday.

Conservative New Democracy leader Kyriakos Mitsotakis (second from right) is seen at the Munich Security Conference, which started Friday and is to run through Sunday, with International Monetary Fund chief Christine Lagarde (left) and the leader of Germany's Christian Democratic Union, Annegret Kramp-Karrenbauer.

Greece, as well as Spain, Italy and Portugal, should fight high youth unemployment levels with labor market reforms, less bureaucracy for business and investment in innovation, International Monetary Fund chief Christine Lagarde said on Thursday.