France’s Lagarde to head ECB

France's Lagarde to head ECB

European Union leaders agreed on Tuesday to name France’s Christine Lagarde as the new head of the European Central Bank and sealed a deal on filling the EU’s other top four jobs after marathon talks that have exposed deep divisions in the bloc.

NEW  HEAD OF THE EUROPEAN CENTRAL BANK

Three days of summit negotiations that at times looked close to collapse ended with a deal that now must be approved by the European Parliament and was immediately rejected by the socialist and green bloc in the assembly in Strasbourg.

France’s Christine Lagarde

URSULA VON DER LEYEN- JEAN CLAUDE JUNKER

The German defense minister with Chancellor Angela Merkel’s center-right ruling party would take on the helm of the European Commission, which proposes laws for the bloc on everything from migration to climate, negotiates trade deals with third countries and polices member states’ budgets.

German Defence Minister Ursula von der Leyen

DONALD TUSK-CHARLES MICHEL

The liberal caretaker Belgian prime minister would become the next chairman of EU leaders’ summits and be tasked with building compromises between the often fractious 28 member states.

Belgian Prime Minister Charles Michel

FEDERICA MOGHERINI-JOSEP BORRELL

Spain’s socialist acting foreign minister would become the bloc’s top diplomat in Brussels, replacing outgoing Italian Federica Mogherini. In this role, Josep Borrell would also be a deputy head of the new Commission.

Spain’s socialist acting foreign minister Josep Borrell

ANTONIO TAJANI-SERGEI STANISHEV

The German ally of Merkel, Manfred Weber, and a socialist former prime minister of Bulgaria, Sergei Stanishev, would share the leadership of the new EU assembly, for two-and-a-half years each.

Sergei Stanishev

 

 

European Council President Donald Tusk said in a series of tweets Tuesday that German Defense Minister Ursula von der Leyen has been backed to become president of the executive European Commission, and Belgian Prime Minister Charles Michel the head of the European Council.

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