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President Of The European Central Bank
The president of the European Central Bank is the head of the European Central Bank (ECB), the main institution responsible for the management of the euro and monetary policy in the Eurozone of the European Union (EU). The current president of the European Central Bank is Christine Lagarde, previously the chair and managing director of the International Monetary Fund. Lagarde has served as the president of the ECB since 1 November 2019. She is the first woman to hold the post. Role and appointment The president heads the executive board, Governing Council and General Council of the ECB, and represents the bank abroad, for example at the G20. The officeholder is appointed by a qualified majority vote of the European Council, ''de facto'' by those who have adopted the euro, for an eight-year non-renewable term. History Duisenberg Wim Duisenberg was President of the European Monetary Institute (EMI) when it became the ECB, just prior to the launch of the Euro, on 1 June 19 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Christine Lagarde
Christine Madeleine Odette Lagarde (; née Lallouette, ; born 1 January 1956) is a French politician and lawyer who has been serving as President of the European Central Bank since 2019. She previously served as the 11th managing director of the International Monetary Fund (IMF) from 2011 to 2019. Lagarde had also served in the Government of France, most prominently 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, specializing in labor, 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 to its Chair between 1999 and 2004; she was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Euro
The euro ( symbol: €; code: EUR) is the official currency of 19 out of the member states of the European Union (EU). This group of states is known as the eurozone or, officially, the euro area, and includes about 340 million citizens . The euro is divided into 100 cents. The currency is also used officially by the institutions of the European Union, by four European microstates that are not EU members, the British Overseas Territory of Akrotiri and Dhekelia, as well as unilaterally by Montenegro and Kosovo. Outside Europe, a number of special territories of EU members also use the euro as their currency. Additionally, over 200 million people worldwide use currencies pegged to the euro. As of 2013, the euro is the second-largest reserve currency as well as the second-most traded currency in the world after the United States dollar. , with more than €1.3 trillion in circulation, the euro has one of the highest combined values of banknotes and coins in c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Angela Merkel
Angela Dorothea Merkel (; ; born 17 July 1954) is a German former politician and scientist who served as Chancellor of Germany from 2005 to 2021. A member of the Christian Democratic Union (CDU), she previously served as Leader of the Opposition from 2002 to 2005 and as Leader of the Christian Democratic Union from 2000 to 2018. Merkel was the first female chancellor of Germany. During her tenure as Chancellor, Merkel was frequently referred to as the ''de facto'' leader of the European Union (EU), the most powerful woman in the world, and since 2016 the leader of the free world. Merkel was born in Hamburg in then-West Germany, moving to East Germany as an infant when her father, a Lutheran clergyman, received a pastorate in Perleberg. She obtained a doctorate in quantum chemistry in 1986 and worked as a research scientist until 1989. Merkel entered politics in the wake of the Revolutions of 1989, briefly serving as deputy spokeswoman for the first democratically elected Go ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chancellor Of Germany
The chancellor of Germany, officially the federal chancellor of the Federal Republic of Germany,; often shortened to ''Bundeskanzler''/''Bundeskanzlerin'', / is the head of the federal government of Germany and the commander in chief of the German Armed Forces during wartime. The chancellor is the chief executive of the Federal Cabinet and heads the executive branch. The chancellor is elected by the Bundestag on the proposal of the federal president and without debate (Article 63 of the German Constitution). The current officeholder is Olaf Scholz of the SPD, who was elected in December 2021, succeeding Angela Merkel. He was elected after the SPD entered into a coalition agreement with Alliance 90/The Greens and the FDP. History of the office The office of Chancellor has a long history, stemming back to the Holy Roman Empire, when the office of German archchancellor was usually held by archbishops of Mainz. The title was, at times, used in several states of German-spea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nicolas Sarkozy
Nicolas Paul Stéphane Sarközy de Nagy-Bocsa (; ; born 28 January 1955) is a French politician who served as President of France from 2007 to 2012. Born in Paris, he is of Hungarian, Greek Jewish, and French origin. Mayor of Neuilly-sur-Seine from 1983 to 2002, he was Minister of the Budget under Prime Minister Édouard Balladur (1993–1995) during François Mitterrand's second term. During Jacques Chirac's second presidential term he served as Minister of the Interior and as Minister of Finances. He was the leader of the Union for a Popular Movement (UMP) party from 2004 to 2007. He won the 2007 French presidential election by a 53.1% to 46.9% margin against Ségolène Royal, the Socialist Party (PS) candidate. During his term, he faced the financial crisis of 2007–2008 (causing a recession, the European sovereign debt crisis), the Russo-Georgian War (for which he negotiated a ceasefire) and the Arab Spring (especially in Tunisia, Libya, and Syria). He initiated th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
President Of France
The president of France, officially the president of the French Republic (french: Président de la République française), is the executive head of state of France, and the commander-in-chief of the French Armed Forces. As the presidency is the supreme magistracy of the country, the position is the highest office in France. The powers, functions and duties of prior presidential offices, in addition to their relation with the Prime Minister of France, prime minister and Government of France, have over time differed with the various constitutional documents since the French Second Republic, Second Republic. The president of the French Republic is the ''Ex officio member, ex officio'' Co-Princes of Andorra, co-prince of Andorra, grand master of the Legion of Honour and of the Ordre national du Mérite, National Order of Merit. The officeholder is also honorary proto-canon of the Archbasilica of Saint John Lateran in Rome, although some have rejected the title in the past. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Debt Crisis
The European debt crisis, often also referred to as the eurozone crisis or the European sovereign debt crisis, is a multi-year debt crisis that took place in the European Union (EU) from 2009 until the mid to late 2010s. Several eurozone member states (Greece, Portugal, Ireland, Spain, and Cyprus) were unable to repay or refinance their government debt or to bail out over-indebted banks under their national supervision without the assistance of third parties like other eurozone countries, the European Central Bank (ECB), or the International Monetary Fund (IMF). The eurozone crisis was caused by a balance-of-payments crisis, which is a sudden stop of foreign capital into countries that had substantial deficits and were dependent on foreign lending. The crisis was worsened by the inability of states to resort to devaluation (reductions in the value of the national currency) due to having the Euro as a shared currency. Debt accumulation in some eurozone members was in part due t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jean-Claude Trichet
Jean-Claude Trichet (; born 20 December 1942) is a French economist who served as President of the European Central Bank from 2003 to 2011. Previous to his assumption of the presidency he served as Governor of the Bank of France from 1993 to 2003. After stepping down from the European Central Bank, Trichet has taken speaking arrangements across France and served on the board of directors of the Bank for International Settlements. He was asked to join the non-doctrinal think tank, Bruegel, to consult on economic policy. In 2008, Trichet ranked fifth on ''Newsweeks list of the world's most powerful along with economic triumvirs Ben Bernanke (fourth) and Masaaki Shirakawa (sixth). Early life and education Trichet was born in 1942 in Lyons, the son of a professor of Greek and Latin. He was educated at the École des Mines de Nancy, from which he graduated in 1964. He later earned a master's degree in economics from the University of Paris and then trained at the Institut d'études ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Voting In The Council Of The European Union
The procedures for voting in the Council of the European Union are described in the treaties of the European Union. The Council of the European Union (or simply "Council" or "Council of Ministers") has had its voting procedure amended by subsequent treaties and currently operates on the system set forth in the Treaty of Lisbon. The system is known as qualified majority voting. Current qualified majority voting rules (since 2014) Article 16 of the Treaty on European Union, as amended by the Treaty of Lisbon, stipulates that the Council voting arrangements of the Nice Treaty applied until 31 October 2014. Article 16 also states the conditions for a qualified majority, effective since 1 November 2014 (Lisbon rules): * Majority of countries: 55% (comprising at least 15 of them), or 72% if acting on a proposal from neither the Commission nor from the High Representative, and * Majority of population: 65%. A blocking minority requiresin addition to not meeting one of the two condit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
G-20 Major Economies
The G20 or Group of Twenty is an Intergovernmental organization, intergovernmental forum comprising 19 countries and the European Union (EU). It works to address major issues related to the World economy, global economy, such as international financial stability, climate change mitigation, and sustainable development. The G20 is composed of most of the world's largest economies, including both industrialised and Developing country, developing nations; it accounts for around 80% of gross world product (GWP), 75% of international trade, two-thirds of the world population, global population, and 60% of the List of countries and dependencies by area, world's land area. The G20 was founded in 1999 in response to several world economic crises. Since 2008 G20 Washington summit, 2008, it has convened at least once a year, with summits involving each member's head of government or Head of state, state, finance minister, or foreign minister, and other high-ranking officials; the EU is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Monetary Fund
The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world." Formed in 1944, started on 27 December 1945, at the Bretton Woods Conference primarily by the ideas of Harry Dexter White and John Maynard Keynes, it came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international monetary system. It now plays a central role in the management of balance of payments difficulties and international financial crises. Countries contribute funds to a pool through a quota system from which countries experiencing balance of payments problems can borrow money. , the fund had XDR 477 billion (a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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