Investors welcome EC’s first female president

European Union EU adobe stock AS
By Mike Turner
17 Jul 2019

Ursula von der Leyen has been picked as the first female president of the European Commission as Christine Lagarde quit her IMF job following her European Central Bank governor nomination. Fixed income investors have welcomed the change of occupant in some of the bloc’s most powerful seats of office.

Former German defence minister von der Leyen won the presidency by a wafer thin majority in a secret ballot at the European Parliament, winning by just nine votes.

Meanwhile, Lagarde, while only nominated to be the next ECB boss, is seen as a certainty for the role. ...

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