, Columnist
Italy Just Made Lagarde’s New Job a Bit Easier
The ECB is getting an experienced politician who has acted as a sort of firefighter in a series of crises. Also, the EU and the birth of the U.S.
The European Central bank will soon have a new leader.
Photographer: Bloomberg
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Some people are just gluttons for punishment. Christine Lagarde served as France’s finance minister during the financial crisis, and followed that up with a long stint running the International Monetary Fund. Now she is poised to take on a harder job than either, becoming only the fourth chair of the European Central Bank.