Lagarde to Succeed Draghi as ECB Chief

The transcript discusses recent changes in the European Commission, highlighting Christine Lagarde's nomination to the European Central Bank and the implications for monetary policy. It also covers the market's reaction to her appointment, the leadership changes within the European Commission, and the challenges facing EU foreign policy and trade, including the role of Josep Borrell.

Who is nominated to replace Mario Draghi at the European Central Bank?

• Jens Weidmann

• Manfred Weber

• Christine Lagarde

• Ursula von der Leyen

What was a major concern regarding Christine Lagarde's nomination?

• Her lack of experience in monetary policy

• Her political background

• Her stance on fiscal austerity

• Her previous role in the European Commission

Who was unexpectedly appointed as the head of the European Commission?

• Manfred Weber

• Christine Lagarde

• Ursula von der Leyen

• Angela Merkel

What system was challenged by the appointment of Ursula von der Leyen?

• The European Council system

• The Spitzenkandidat system

• The European Central Bank system

• The European Parliament system

Who is appointed to lead the EU's foreign policy?

• Christine Lagarde

• Josep Borrell

• Mario Draghi

• Manfred Weber