Christine Lagarde

Today, MEPs will vote on the nomination of Christine Lagarde as President of the European Central Bank. 

Before the secret ballot there will be a debate in the plenary.

The European Parliament expresses its opinion on whether the candidate is suitable for the post, with the final decision being taken by the European Council.

Strasbourg begins the first session of the European Parliament in the new political season. It will continue until Thursday inclusive.

Emphasis on the MEPs' agenda is the vote on Christine Lagarde's nomination for President of the European Central Bank. The vote is scheduled for Tuesday. On Wednesday, the main topic will be Brexit.

World Bank Chief Executive Officer Kristalina Georgieva is the only candidate for IMF director, the International Monetary Fund (IMF) said.

Kristalina Georgieva of Bulgaria, currently CEO of the World Bank, is unrivaled for the post of former managing director Christine Lagarde, who was elected to head the European Central Bank.

Occasionally you find that things go your way without having to make much of an effort. The government's decision not to rush to ask for a reduction in Greece's primary surplus target was criticized as too hesitant, even though it was certain it would have been rejected.

The European Parliament's Committee on Economic and Monetary Affairs has supported, by secret ballot, Christine Lagarde's nomination to become President of the European Central Bank.

European leaders chose the current IMF chief as Mario Draghi's successor in July.

In order to take up the post in November, Lagarde also needs the approval of the entire European Parliament.

Finance Minister Christos Staikouras welcomed on Wednesday the acknowledgement by Christine Lagarde, the European Central Bank's likely next president, that Greece's primary surplus target is excessive and puts too much pressure on the recovery of the economy.

Greek state bond yields fell to new all-time lows on Wednesday as prices rose further due strong buying interest for Greek securities.
The 10-year bond yield fell to 1.57 pct from 1.61 pct on Tuesday, with the five-year bond yield falling to 0.941 pct from 0.951 pct, respectively.

Greece's 3.5 percent primary surplus target is excessive and puts too much pressure on the recovery of the Greek economy, Christine Lagarde, the European Central Bank's likely next president, said Wednesday.
Lagarde, who has been nominated to succeed Mario Draghi from November 1, told the European Parliament's committee on economic affairs that targets should be "carefully reviewed."

The leader of the MeRA25 party Yanis Varoukafis said on Saturday that the fact that former Eurogroup chief Jeroen Dijsselbloem was considered by Europe's 28 finance ministers as a candidate to replace Christine Lagarde as head of the International Monetary Fund (IMF) was proof that the European Union's establishment has no regard for technical capabilities.

Kristalina Georgieva, the Bulgarian chief executive of the World Bank, has been picked as Europe's choice to lead the International Monetary Fund (IMF), Reuters announced on August 2. Georgieva won the support of 56% of the member states, representing 55% of the population of the EU, reports BNT.