Christine Lagarde’s ECB Legacy: How an Outsider Defied the Sceptics - Modern Diplomacy

Christine Lagarde’s decision to leave the European Central Bank (ECB) before the end of her term marks the conclusion of an unconventional tenure shaped by economic crises, political diplomacy and difficult monetary policy choices. Christine Lagarde’s decision to leave the European Central Bank (ECB) before the end of her term marks the conclusion of an unconventional tenure shaped by economic crises, political diplomacy and difficult monetary policy choices. When the former French finance minister and International Monetary Fund (IMF) chief took charge of the ECB in 2019, she became its first president without formal economics training or previous central banking experience.