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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. 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 G-20 major economies, G20. The officeholder is appointed by a Voting in the Council of the European Union, 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 1998. Duisenberg then became the first President ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Christine Lagarde
Christine Madeleine Odette Lagarde (; , ; born 1 January 1956) is a French politician and lawyer who has been the 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 until 2011. She is 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 international law firm Baker & McKenzie as an associate in 1981, specializing in labour and 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 the first woma ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Euro
The euro (currency symbol, symbol: euro sign, €; ISO 4217, currency code: EUR) is the official currency of 20 of the Member state of the European Union, member states of the European Union. This group of states is officially known as the euro area or, more commonly, the eurozone. The euro is divided into 100 1 euro cent coin, euro cents. The currency is also used officially by the institutions of the European Union, by International status and usage of the euro, 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. The euro is used by 350 million people in Europe and additionally, over 200 million people worldwide use currencies pegged to the euro. It is the second-largest reserve currency as well as the second-most traded currency in the world after the United Sta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Angela Merkel
Angela Dorothea Merkel (; ; born 17 July 1954) is a German retired politician who served as Chancellor of Germany from 2005 to 2021. She is the only woman to have held the office. She was Leader of the Opposition from 2002 to 2005 and Leader of the Christian Democratic Union (CDU) from 2000 to 2018. Merkel was born in Hamburg in West Germany. Her family moved to East Germany when she was an infant. Merkel obtained a doctorate in quantum chemistry in 1986 and worked as a research scientist until 1989. She then entered politics in the wake of the Revolutions of 1989, briefly serving as deputy spokeswoman for the first democratically elected government of East Germany, led by Lothar de Maizière. Following German reunification in 1990, Merkel was elected to the Bundestag for the state of Mecklenburg-Vorpommern. As the protégée of Chancellor Helmut Kohl, Merkel was appointed as Minister for Women and Youth in 1991, later becoming Minister for the Environment, Nature Conserv ... [...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, is the head of the federal Cabinet of Germany, government of Germany. The chancellor is the chief executive of the Federal Government of Germany, Federal Cabinet and heads the executive branch. The chancellor is elected by the Bundestag on the proposal of the President of Germany, federal president and without debate (Article 63 of the Basic Law for the Federal Republic of Germany, German Constitution). During a state of defence declared by the Bundestag the chancellor also assumes the position of commander-in-chief of the Bundeswehr. List of chancellors of Germany, Ten people (nine men and one woman) have served as chancellor of the Federal Republic of Germany, the first being Konrad Adenauer from 1949 to 1963. (Another 26 men had served as "Reich chancellors" of the previous German Empire from 1871 to 1945.) The current officeholder is Friedrich Merz of the Christian Democratic Un ... [...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. In 2021, he was found guilty of having tried to bribe a judge in 2014 to obtain information and spending beyond legal campaign funding limits during his 2012 re-election campaign. Born in Paris, his roots are 1/2 Hungarian Protestant, 1/4 Greek Jewish, and 1/4 French Catholic. Mayor of Neuilly-sur-Seine from 1983 to 2002, he was Ministry of the Economy and Finance (France), 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 (France), Minister of the Interior and as Minister of Finances (France), 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 agai ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
President Of France
The president of France, officially the president of the French Republic (), 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 and government of France, have over time differed with the various constitutional documents since the Second Republic. The president of the French Republic is the co-prince of Andorra, grand master of the Legion of Honour and of the 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. The current president is Emmanuel Macron, who succeeded François Hollande on 14 May 2017 following the 2017 presidential election, and was inaugurated for a second term on 7 May ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Debt Crisis
The euro area crisis, often also referred to as the eurozone crisis, European debt crisis, or European sovereign debt crisis, was a multi-year debt crisis and financial crisis in the European Union (EU) from 2009 until, in Greece, 2018. The eurozone Member state of the European Union, member states of Greece, Portugal, Republic of Ireland, Ireland, and Cyprus were unable to repay or refinance their government debt or to bailout fragile banks under their national supervision and needed assistance from other eurozone countries, the European Central Bank (ECB), and the International Monetary Fund (IMF). The crisis included the Greek government-debt crisis, the 2008–2014 Spanish financial crisis, the 2010–2014 Portuguese financial crisis, the post-2008 Irish banking crisis and the post-2008 Irish economic downturn, as well as the 2012–2013 Cypriot financial crisis. The crisis contributed to changes in leadership in Greece, Ireland, France, Italy, Portugal, Spain, Slovenia, Sl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jean-Claude Trichet
Jean-Claude Trichet (; born 20 December 1942) is an economist and high-ranking French official who was President of the European Central Bank from 2004 to 2011. Previous to his assumption of the presidency he was Governor of the Bank of France from 1993 to 2004. After stepping down from the European Central Bank, Trichet has taken speaking arrangements across France and was 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 Lyon, 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 Ins ... [...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 is a type of consociational democracy. 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. Qualified majority Article 16 also states the conditions for a ''qualified majority'', effective since 1 November 2014: * Majority of countries: 55% (comprising at least 15 of them) and * Majority of population: 65%. A ''blocking minority'' requiresin addition to not meeting one of the two conditions abovethat at least 4 countries ( ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
G-20 Major Economies
The G20 or Group of 20 is an intergovernmental forum comprising 19 sovereign countries, the European Union (EU), and the African Union (AU). It works to address major issues related to the global economy, such as international financial stability, climate change mitigation and sustainable development, through annual meetings of Heads of State and Heads of Government. The sovereign states of the G20 (without its international members, like the EU or AU) account for around 85% of gross world product (GWP), 75% of international trade, 56% of the global population, and 60% of the world's land area. Including the EU and AU, the G20 comprises 78.9% of global population and 83.9% of global CO2 emissions from fossil energy. The G20 was founded in 1999 in response to several world economic crises. Since 2008, it has convened at least once a year, with summits involving each member's head of government or state, finance minister, or foreign minister, and other high-ranking officials; ... [...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 funded by 191 member countries, with headquarters in Washington, D.C. It is regarded as the global lender of last resort to national governments, and a leading supporter of exchange-rate economic stability, stability. Its stated mission is "working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and poverty reduction, reduce poverty around the world." Established in July 1944 at the Bretton Woods Conference, primarily according to the ideas of Harry Dexter White and John Maynard Keynes, it started with 29 member countries and the goal of reconstructing the international monetary systems, international monetary system after World War II. In its early years, the IMF primarily focused on facilitating fixed exchange rates across the developed worl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
