European Central Bank Current Affairs, GK & News

EU Seals Deal on 750 billion Euro Recovery Fund

The leaders of the European Union have recently reached a deal on a massive stimulus plan for the coronavirus-affected economies within the bloc. The decision could be finalized after four days of intense debate and discussion in a meeting attended by all the major leaders of the European Union. The deal is an attempt to ..

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Christine Lagarde appointed as new chief of European Central Bank

Former IMF chief Christine Lagarde has been appointed the new chief of the European Central Bank (ECB). She will succeed Mario Draghi (Italy) from November 1. Her confirmation for a non-renewable term of 8 years comes after EU leaders nominated her for the position on July 2.

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IMF Chief Christine Lagarde to now head European Central Bank

International Monetary Fund (IMF) Managing Director Christine Lagarde has been confirmed as new head of European Central bank (ECB). Her appointment would make her 1st woman to lead powerful institution of ECB. Key Highlights Following Lagarde’s nomination as President of ECB she announced to temporarily relinquish her responsibilities as head of IMF. She will now ..

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European Financial Stability Facility

European Financial Stability Facility (EFSF) is a SPV (special purpose vehicle) financed by members of the Eurozone to combat the European sovereign debt crisis. It was agreed by the 27 member states of the European Union on 9 May 2010, aiming at preserving financial stability in Europe by providing financial assistance to Eurozone states in ..

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