The candidate appointed by the European Council to head the European Central Bank (ECB), Christine Lagarde of France, will promote a monetary policy in line with that currently pursued by the monetary institute, judging by the answers sent by the outgoing President of the International Monetary Fund (IMF) to MEPs before her hearing on Wednesday 4 September in Brussels (see EUROPE B12315A15).
According to Ms Lagarde, the ECB's monetary policy over the past 8 years has been "effective and...