Successive plans have been proposed, debated and then overturned during negotiations that are also seeking a head of the European Commission, a foreign policy chief, a president of the EU parliament, and a bloc’s chairman.
The name of the French director of the IMF also came to previous combinations that fell due to disagreements over who would chair the commission. The presidency of the EU executive province is the key point it involves because it requires the approval of an unstable and fragmented European Parliament.
German Defense Minister Ursula von der Leyen is emerging as the latest frontfunner to take over the post since the eastern European states and the EPP, the center-right political party of Europe, opposed a weekend pack that the Dutch Socialist would have seen Frans Timmermans commission.
Prior to joining the IMF, she was France’s finance minister. Lagarde, 63, would become the first ECB president who is not a professional and second French economist to run the Frankfurt-based institution./Investing.com