During its September 2019 plenary sitting, the European Parliament is expected to vote on a resolution on the candidate (Christine Lagarde) for president of the European Central Bank (ECB). While it is the European Council that appoints the ECB president, it must first consult Parliament. Parliament’s Economic and Monetary Affairs Committee (ECON) held a hearing with Christine Lagarde in September 2019 and then voted favourably on the candidacy. The ECB president is a key figure within the Eurosystem when setting monetary policy for the euro area.
The annual growth rate of the outstanding amount of debt securities issued by euro area residents was 2.9% in July 2019, compared with 2.8% in June. For the outstanding amount of listed shares issued by euro area residents, the annual rate of change was -0.1% in July 2019, compared with 0.0% in June.
Panel contribution by Luis de Guindos, Vice-President of the ECB, at The European House-Ambrosetti Forum, Cernobbio, 7 September 2019.
Since its launch in 2003 the European Cultural Days of the ECB has featured artists from 15 EU countries. This year’s events mark the euro’s 20th anniversary and will be dedicated to Europe.