On November 1, Mario Draghi officially concluded his duty as president of the European Central Bank (ECB) after eight challenging years, yielding the floor to the former International Monetary Fund Chairman Christine Lagarde who will have to face as many issues as her predecessor. It is undeniable how relevant the ECB has been during the past years in managing the post-crisis period and maintaining the eurozone stability. If we look back to the huge problems we have been able to face without bearing tremendous consequences, a big tribute should be paid to our former ECB president Mario Draghi, who will be remembered in our modern history books for the famous sentence: “ECB is ready to do
Everything seemed to be clear. In the run-up to the European elections 2019, both the European Parliament (EP) and the Commission agreed that the lead-candidate of the winning party should after the election also be elected as the new President of the Commission. But as it happens so often, things looked different as soon as the election results were there. While the European People’s Party (EPP) with their Spitzenkandidat Manfred Weber became the strongest party, only the European Council has the right to propose a candidate for a vote of confirmation in the EP. After some negotiations the heads of the European governments found themselves unable to find a qualified majority for any of the
