Why it makes sense to swap Mario Draghi and Christine Lagarde out
With IMF head Christine Lagarde off to the ECB — why not put the eminently experienced Mario Draghi in her place, writes Ferdinando Giugliano
04 July 2019 - 13:04
Christine Lagarde’s nomination as president of the European Central Bank (ECB) 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 policy making. A job swap with Lagarde, which would see Draghi become the MD of the International Monetary Fund (IMF), would be a boon for the global economy...
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