Former IMF chief Christine Lagarde was appointed as the head of the European Central Bank (ECB). She was nominated to become the president of the European Central Bank by the European Union Council.
Lagarde stepped down two years before the end of her second five-year term at IMF. The 63-year-old is a French lawyer, politician, and economist. She has good leadership and institutional experience as well as political and economical experience. She is the Chairwoman of International Monetary Fund (IMF) since 2011.
The European Central Bank is the central bank for the euro and administers monetary policy within the Eurozone. It comprises 19 member states of the European Union and is one of the largest monetary areas in the world.