REGION B – EUROPE

THE SINKING OF THE TITANIC

(April 14-15, 1912 – North Atlantic Ocean)

Christine Lagarde

(President, European Central Bank)

ROTHSCHILD OWNED & CONTROLLED CENTRAL BANK

The Official Story

CHRISTINE LAGARDE
(President of the European Central Bank, 2019+)

Christine Madeleine Odette Lagarde (born 1 January 1956) is a French politician and lawyer who has served as President of the European Central Bank (ECB) since 1 November 2019. She previously served as Chair and Managing Director of the International Monetary Fund (IMF) from 2011 until 2019. Lagarde also held various senior ministerial posts in the Government of France, most prominent as Minister of the Economy, Finance and Industry from 2007 to 2011. She was the first woman to hold each of those posts.

Born and raised in Paris, Lagarde graduated from law school at Paris Nanterre University and obtained a Master’s degree from Sciences Po Aix. After being admitted to the Paris Bar, she joined the multinational law firm Baker & McKenzie as an associate in 1981, specialising in labour, anti-trust, as well as mergers and acquisitions. Rising through the ranks, she was a member of the executive committee of the firm from 1995 until 1999, before being elevated as its Chair between 1999 and 2004; she was the first woman in both positions. She held the top post until she decided to go into public service.

Lagarde returned to France when appointed Minister of Foreign Trade from 2005 to 2007, then briefly served as Minister of Agriculture and Fisheries from May to June 2007, and finally as Minister of Finance from 2007 to 2011, making her the first female to hold the finance portfolio of any Group of Eight economy. During her tenure, Lagarde oversaw the government response to the late 2000s financial crisis, for which the Financial Times ranked her the best finance minister in the Eurozone.

On 5 July 2011, she was elected to replace Dominique Strauss-Kahn as managing director of the IMF for a five-year term. Her appointment was the 11th consecutive appointment of a European to head the IMF. She was selected by consensus for a second five-year term, starting 5 July 2016, being the only candidate nominated for the post. In December 2016, a French court convicted her of negligence relating to her role in the Bernard Tapie arbitration, but did not impose a penalty. Lagarde resigned from the IMF following her nomination as president of the ECB.

In 2019 and again in 2020, Forbes ranked her number two on its World’s 100 Most Powerful Women list.

European Central Bank

On 2 July 2019, Lagarde was nominated by the European Council to succeed Mario Draghi as President of the European Central Bank (ECB) on 1 November 2019. On 17 September 2019, the European Parliament voted via secret ballot to recommend her to the position, with 394 in favor, 206 opposed, and 49 abstentions.

As president, Lagarde is expected to maintain the accommodative monetary policy of her predecessor, Mario Draghi. When addressing the European Parliament’s ECON Committee ahead of her appointment, Lagarde also expressed her willingness to make the ECB play a role in fighting climate change and to carry out a review of the ECB’s monetary policy framework.

She received the insignia of Commander of the National Order of Merit from Emmanuel Macron in February 2022. According to the French press, Nicolas Sarkozy suggested to Emmanuel Macron that she become his Prime Minister in case of re-election in the French presidential election of 2022.

Source: Wikipedia