Christine Lagarde

Eurosystem launches digital euro project

Retrieved on: 
Saturday, July 17, 2021

14 July 2021

Key Points: 
  • 14 July 2021

    The Governing Council of the European Central Bank (ECB) has decided today to launch the investigation phase of a digital euro project.

  • All of this has led us to decide to move up a gear and start the digital euro project, says ECB President Christine Lagarde.
  • This will not prejudge any future decision on the possible issuance of a digital euro, which will come only later.
  • Experiments were conducted in the four following areas: the digital euro ledger; privacy and anti-money laundering; limits on digital euro in circulation; end-user access while not connected to the internet and facilitating inclusiveness with appropriate devices.

Highlights - Public Hearing with Christine Lagarde, Chair of the ESRB - Committee on Economic and Monetary Affairs

Retrieved on: 
Thursday, June 24, 2021

Public Hearing with Christine Lagarde, Chair of the ESRB

Key Points: 
  • Public Hearing with Christine Lagarde, Chair of the ESRB
    Public Hearing with Christine Lagarde, Chair of the ESRB
    On 1 July, from 09:00 to 10:00, the ECON Committee will hold a public hearing with Christine Lagarde in her capacity of Chair of the European Systemic Risk Board.
  • The ESRB has been working on measures to avoid financial instability in the pandemic, as well as other issues in particular stability risks outside the banking system and the risks of mass insolvencies as pandemic support is withdrawn.

Highlights - Monetary Dialogue with the ECB President, Christine Lagarde - Committee on Economic and Monetary Affairs

Retrieved on: 
Thursday, June 17, 2021

Monetary Dialogue with the ECB President, Christine Lagarde

Key Points: 
  • Monetary Dialogue with the ECB President, Christine Lagarde
    Monetary Dialogue with the ECB President, Christine Lagarde
    On 21 June, 16:15 18:15, the ECON Committee will have an exchange of views with the ECB President for the second time this year.
  • In particular, Members of ECON will debate three topics with President Christine Lagarde: 1/ effects of the negative interest rate policy, 2/ spillovers from US fiscal and monetary policies, 3/ the review of the ECB's monetary policy strategy and its forthcoming outcome.

ECB appoints Irene Heemskerk as head of its climate change centre

Retrieved on: 
Saturday, May 1, 2021

30 April 2021

Key Points: 
  • 30 April 2021

    The Executive Board of the European Central Bank (ECB) has appointed Irene Heemskerk as head of the ECBs climate change centre as of 15 June 2021.

  • The climate change centre will focus the ECBs efforts to address climate change, said ECB President Christine Lagarde.
  • Irene Heemskerk brings the experience, knowledge and enthusiasm required to lead the climate change centres work and to strengthen the ECBs role in the fight against climate change within its mandate.
  • As head of the climate change centre, Ms Heemskerk will report to President Lagarde.

Press release - MEPs call on ECB to prepare for looming economic difficulties

Retrieved on: 
Wednesday, February 10, 2021

Dangers that need to be addressed

Key Points: 
  • Dangers that need to be addressed

    MEPs express concern at the impending economic downturn, which will require action from the ECB as well as reform and fiscal measures by member states.

  • For its part, the ECB should assess if other policy measures could be used to stimulate the economy, within the confines of its mandate.
  • Deflation in the euro area may also justify a strong ECB intervention, MEPs add.
  • Mondays debate with Christine Lagarde

    During the debate, MEPs differed as to how far the ECB should go in adopting new policies to help the EUs economies.

ECB sets up climate change centre

Retrieved on: 
Tuesday, January 26, 2021

PRESS RELEASE

Key Points: 
  • PRESS RELEASE

    ECB sets up climate change centre

    25 January 2021

    The European Central Bank (ECB) has decided to set up a climate change centre to bring together the work on climate issues in different parts of the bank.

  • Climate change affects all of our policy areas, said ECB President Christine Lagarde.
  • The climate change centre provides the structure we need to tackle the issue with the urgency and determination that it deserves.
  • The climate change centre will shape and steer the ECBs climate agenda internally and externally, building on the expertise of all teams already working on climate-related topics.

ECB sets up climate change centre

Retrieved on: 
Monday, January 25, 2021

PRESS RELEASE

Key Points: 
  • PRESS RELEASE

    ECB sets up climate change centre

    25 January 2021

    The European Central Bank (ECB) has decided to set up a climate change centre to bring together the work on climate issues in different parts of the bank.

  • Climate change affects all of our policy areas, said ECB President Christine Lagarde.
  • The climate change centre provides the structure we need to tackle the issue with the urgency and determination that it deserves.
  • The climate change centre will shape and steer the ECBs climate agenda internally and externally, building on the expertise of all teams already working on climate-related topics.

Press release - EU economies need public investment-led stimulus, ECB President tells MEPs

Retrieved on: 
Friday, November 20, 2020

Thursdays meeting was the fourth and last time that MEPs will meet with President Christine Lagarde in 2020.

Key Points: 
  • Thursdays meeting was the fourth and last time that MEPs will meet with President Christine Lagarde in 2020.
  • Opening the discussion, Ms Lagarde struck a downbeat tone on the EUs economic prospects due to the continued effects of the pandemic.
  • Ms Lagarde also insisted that member states needed to run a public investment led stimulus of the economy.
  • This difference in approach also concerned the question of whether the ECB should specifically target climate change, notably by purchasing more green bonds.

Christine Lagarde: Interview with The New York Times

Retrieved on: 
Wednesday, November 18, 2020

INTERVIEWInterview with The New York TimesInterview with Christine Lagarde, President of the ECB, conducted by Alison Smale and Jack Ewing on 10 November 2020 17 November 2020 One of your priorities at the European Central Bank is putting together a plan to take on climate change.

Key Points: 


INTERVIEW

Interview with The New York Times

    Interview with Christine Lagarde, President of the ECB, conducted by Alison Smale and Jack Ewing on 10 November 2020

      • 17 November 2020 One of your priorities at the European Central Bank is putting together a plan to take on climate change.
      • One is the power of the purse, because I think that in many, many instances women are the decision makers when it comes to consuming.
      • I think that actually giving birth gives you a sense of prosperity, heritage, transmission, that is quite special.
      • I also think that women are resilient, and I think that there are plenty of studies now that are showing that.
      • And resilience in the face of change is something that is very needed.
      • And then if I look around and ask myself who have been the drivers of the Paris Agreement [on climate change], I see a few lead speakers.
      • Do you know Kamala Harris and do you have any advice for this newest prominent global woman?
      • I think that, first of all, it has helped that we know each other quite well, the three of us.
      • I can impress upon them that its a bit ridiculous to have out of 25 members only two women.
      • As a result, it often takes more time than it would, was I not patient, inclusive and respectful.
      • And I think that has saved me, and I think its more solid at the end of the day.
      • One person that I used to turn to for guidance and advice was certainly my mother.

    Christine Lagarde: Interview with The New York Times

    Retrieved on: 
    Wednesday, November 18, 2020

    INTERVIEWInterview with The New York TimesInterview with Christine Lagarde, President of the ECB, conducted by Alison Smale and Jack Ewing on 10 November 2020 17 November 2020 One of your priorities at the European Central Bank is putting together a plan to take on climate change.

    Key Points: 


    INTERVIEW

    Interview with The New York Times

      Interview with Christine Lagarde, President of the ECB, conducted by Alison Smale and Jack Ewing on 10 November 2020

        • 17 November 2020 One of your priorities at the European Central Bank is putting together a plan to take on climate change.
        • One is the power of the purse, because I think that in many, many instances women are the decision makers when it comes to consuming.
        • I think that actually giving birth gives you a sense of prosperity, heritage, transmission, that is quite special.
        • I also think that women are resilient, and I think that there are plenty of studies now that are showing that.
        • And resilience in the face of change is something that is very needed.
        • And then if I look around and ask myself who have been the drivers of the Paris Agreement [on climate change], I see a few lead speakers.
        • Do you know Kamala Harris and do you have any advice for this newest prominent global woman?
        • I think that, first of all, it has helped that we know each other quite well, the three of us.
        • I can impress upon them that its a bit ridiculous to have out of 25 members only two women.
        • As a result, it often takes more time than it would, was I not patient, inclusive and respectful.
        • And I think that has saved me, and I think its more solid at the end of the day.
        • One person that I used to turn to for guidance and advice was certainly my mother.