Economics
A Lagarde-Run ECB Might Mean a Very Different Kind of Presidency
- IMF chief will be first politician to take charge of ECB
- Role might draw more on salesmanship than policy creativity
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Christine Lagarde’s accession to the helm of the European Central Bank for the era after Mario Draghi might augur a very different style of leadership.
The International Monetary Fund chief, 63, who won the job as part of a fraught European Union selection process, will be the only woman ever to have run the Frankfurt-based institution -- and also the first person to do so without being a career central banker.