, Columnist
Draghi Should Replace Lagarde at the IMF
The IMF may well prefer to hire a non-European as its next boss, but no one is better qualified than the departing ECB chief.
Job swap?
Photographer: ALBERTO PIZZOLI/AFPThis article is for subscribers only.
Christine Lagarde’s nomination as president of the European Central Bank takes Mario Draghi a step closer to the end of his term. The Italian academic will step down in October after eight momentous years, during which he made the ECB the most important institution in the monetary union.
That doesn’t mean, however, that he should retire from front-line policymaking. A job swap with Lagarde, which would see Draghi become the managing director of the International Monetary Fund, would be a boon for the global economy.