European Central Bank Current Affairs, GK & News
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 ..
Month: Current Affairs - July, 2020
Category: International Current Affairs
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.
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 ..
Month: Current Affairs - July, 2019
Category: Awards, Persons & Places in News
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 ..
Topics: Debt crisis • Economy • Euro • European Central Bank • European debt crisis • European Financial Stabilisation Mechanism • European Financial Stability Facility • European Union • Eurozone • International Monetary Fund • Policy reactions to the Eurozone crisis