Latest Christine Lagarde News

Lagarde: Eurozone growth is weak, stimulus working

Dec. 2, 2019 11:59 AM EST

FRANKFURT, Germany (AP) — New European Central Bank President Christine Lagarde said Monday that economic growth “remains weak” in the 19 countries that use the euro but gave no indication she is contemplating adding to the stimulus enacted by her predecessor, Mario Draghi. Lagarde said in...

New EU leaders take office vowing to tackle climate change

Dec. 1, 2019 10:55 AM EST

BRUSSELS (AP) — A new team of leaders took office at the helm of the European Union on Sunday, pledging to put the fight against climate change at the top of their agenda and foster European unity despite the likely departure of Britain from the 28-nation bloc. Germany’s Ursula von der Leyen...

Eurozone unemployment’s falls to lowest rate since July 2008

Nov. 29, 2019 5:50 AM EST

LONDON (AP) — Unemployment across the 19-country eurozone has fallen to its lowest rate since July 2008 even though growth is cooling in the face of headwinds like the U.S.-China trade war and uncertainty related to Britain’s departure from the European Union. The European Union’s statistics...

New ECB boss Lagarde adds her signature to euro banknotes

Nov. 27, 2019 7:02 AM EST

FRANKFURT, Germany (AP) — The new president of the European Central Bank has added her signature to euro banknotes, which she describes as “the most tangible symbol of European integration.” Christine Lagarde signed the euro bills in a brief ceremony Wednesday at the ECB’s Frankfurt...

European Central Bank chief asks governments to help growth

Nov. 22, 2019 5:30 AM EST

FRANKFURT, Germany (AP) — The new president of the European Central Bank, Christine Lagarde, says better-targeted public spending would help support economic growth in the eurozone. In her first official speech Friday, Lagarde indirectly chided countries like Germany that have kept a tight grip on their...

As economy slows, new ECB head Lagarde faces big challenges

Oct. 31, 2019 10:59 AM EDT

FRANKFURT, Germany (AP) — Europe's economy is losing steam. Top officials at the European Central Bank are at odds over policy. And it's even unclear whether they can do much to help anyway. It adds up to a full in-tray for Christine Lagarde as she takes over as ECB president on Friday. The former head of...

Eurozone economy grows at modest pact in third quarter

Oct. 31, 2019 7:20 AM EDT

FRANKFURT, Germany (AP) — The 19-country eurozone economy grew at a subdued pace in the third quarter, continuing a shaky upswing amid trade disputes and uncertainty over Brexit. At the same time, weaker inflation figures cast a shadow over the outlook and presented a challenge for the new president of the...

Draghi stepped in during euro's darkest hour

Oct. 28, 2019 12:32 PM EDT

FRANKFURT, Germany (AP) — Mario Draghi leaves as head of the European Central Bank credited with having rescued the eurozone from disaster with a well-timed phrase and bold action to back up his words. He expanded the bank's arsenal of crisis-fighting tools with new and unconventional policies, measures...

'Whatever it takes:' Key moments from Draghi's time at ECB

Oct. 28, 2019 7:22 AM EDT

FRANKFURT, Germany (AP) — Here's a look at key moments and decisions from Mario Draghi's eight years at the head of the European Central Bank, the monetary authority for the 19 European Union countries that use the euro as their currency. ___ Nov. 1, 2011: Draghi takes over as European Central Bank...

Asian shares mixed after US gains amid global uncertainties

Oct. 24, 2019 11:09 PM EDT

TOKYO (AP) — Asian shares were mixed Friday, after Wall Street indexes posted modest gains, cheered by solid profits and forecasts from U.S. technology companies. Global uncertainties over the U.S.-China trade war and Brexit weighed on investor sentiments. Japan's benchmark Nikkei 225 inched up less than...