BETA


2019/0810(NLE) Appointment of the President of the European Central Bank - Candidate: Ms Christine LAGARDE
Next event: Debate in plenary scheduled 2019/09/17 more...

Progress: Awaiting Parliament 1st reading / single reading / budget 1st stage

RoleCommitteeRapporteurShadows
Lead ECON GUALTIERI Roberto (icon: S&D S&D)
Lead committee dossier:
Legal Basis:
TFEU 283-p2

Events

2019/09/17
   Debate in plenary scheduled
2019/09/17
   Vote in plenary scheduled
2019/09/09
   EP - Committee report tabled for plenary, 1st reading/single reading
Documents
2019/09/09
   EP - Committee report tabled for plenary, 1st reading/single reading
Documents
2019/09/04
   EP - Vote in committee, 1st reading/single reading
2019/08/29
   EP - Committee draft report
Documents
2019/07/18
   EP - Committee referral announced in Parliament, 1st reading/single reading
2019/07/18
   EP - GUALTIERI Roberto (S&D) appointed as rapporteur in ECON
2019/07/09
   CSL - Legislative proposal
Documents
2019/07/09
   EC - Legislative proposal published
Documents

Documents

  • Committee report tabled for plenary, 1st reading/single reading: A9-0008/2019
  • Committee report tabled for plenary, 1st reading/single reading: A9-0008/2019
  • Committee draft report: PE639.816
  • Legislative proposal: N9-0023/2019
  • Legislative proposal published: N9-0023/2019
  • Legislative proposal: N9-0023/2019
  • Committee draft report: PE639.816
  • Committee report tabled for plenary, 1st reading/single reading: A9-0008/2019

Activities

History

(these mark the time of scraping, not the official date of the change)

docs/2
date
2019-09-09T00:00:00
docs
url: http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A9-2019-0008&language=EN title: A9-0008/2019
type
Committee report tabled for plenary, 1st reading/single reading
body
EP
events/3/summary
  • The Committee on Economic and Monetary Affairs adopted a report by Roberto GUALTIERI (S&D, IT) on the Council recommendation on the appointment of the President of the European Central Bank (ECB).
  • The committee delivered a favourable opinion on the Council recommendation to appoint Christine Lagarde as President of the European Central Bank for a term of office of eight years, with effect from 1 November 2019.
  • Parliament’s Committee on Economic and Monetary Affairs evaluated the credentials of the candidate, in particular in view of the requirements laid down in Article 283(2) of the Treaty on the Functioning of the European Union and in the light of the need for full independence of the ECB pursuant to Article 130 of that Treaty.
  • In response to questions from Members, Christine Lagarde said that the ECB should clarify its policy and make it more accessible to citizens. She stressed the need for more dialogue with civil society and not only with financial markets.
  • Regarding the extremely low rates, Christine Lagarde said that while the ECB’s quantitative easing had indeed led to certain negative effects, its overall results were positive and that she saw such a ‘highly accommodative stance continuing for a long time’.
  • She also stressed the need to learn lessons from the financial crisis by examining in the future how the ECB can best support the general policies of the European Union, such as sustainable and inclusive growth, without prejudice to its primary objective of maintaining price stability.
  • In her replies, Christine Lagarde agreed that it was time to review the ECB’s monetary framework to address new challenges such as non-bank lending, fintech, the fight against money maundering, crypto currencies, and climate change.
  • She stressed that climate change should be a ‘core concern’ for the ECB. The ECB has already acquired several ‘green bonds’ and is expected to continue such acquisitions.
  • In the long term, she advocated a financing ‘instrument’ for the euro zone, similar to the ‘US Treasury bonds’.
forecasts/0/title
Old
Indicative plenary sitting date, 1st reading/single reading
New
Debate in plenary scheduled
forecasts/1
date
2019-09-17T00:00:00
title
Vote in plenary scheduled
commission
  • body: EC dg: Secretariat-General commissioner: TIMMERMANS Frans
docs/2/docs/0/url
http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A9-2019-0008&language=EN
events/3/docs/0/url
http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A9-2019-0008&language=EN
docs/2
date
2019-09-09T00:00:00
docs
title: A9-0008/2019
type
Committee report tabled for plenary, 1st reading/single reading
body
EP
events/3/docs
  • title: A9-0008/2019
events/3
date
2019-09-09T00:00:00
type
Committee report tabled for plenary, 1st reading/single reading
body
EP
procedure/stage_reached
Old
Awaiting committee decision
New
Awaiting Parliament 1st reading / single reading / budget 1st stage
events/2
date
2019-09-04T00:00:00
type
Vote in committee, 1st reading/single reading
body
EP
forecasts
  • date: 2019-09-17T00:00:00 title: Indicative plenary sitting date, 1st reading/single reading
docs/1
date
2019-08-29T00:00:00
docs
title: PE639.816
type
Committee draft report
body
EP
committees/0
type
Responsible Committee
body
EP
committee_full
Economic and Monetary Affairs
committee
ECON
associated
False
rapporteur
name: GUALTIERI Roberto date: 2019-07-18T00:00:00 group: Group of Progressive Alliance of Socialists and Democrats abbr: S&D
committees/0
type
Responsible Committee
body
EP
committee_full
Economic and Monetary Affairs
committee
ECON
associated
False
date
2019-07-18T00:00:00
rapporteur
name: GUALTIERI Roberto group: Group of Progressive Alliance of Socialists and Democrats abbr: S&D
committees/0
type
Responsible Committee
body
EP
committee_full
Economic and Monetary Affairs
committee
ECON
associated
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date
2019-07-18T00:00:00
rapporteur
name: GUALTIERI Roberto group: Group of Progressive Alliance of Socialists and Democrats abbr: S&D
committees/0
type
Responsible Committee
body
EP
committee_full
Economic and Monetary Affairs
committee
ECON
associated
False
date
events/1
date
2019-07-18T00:00:00
type
Committee referral announced in Parliament, 1st reading/single reading
body
EP
procedure/dossier_of_the_committee
  • ECON/9/00718
procedure/stage_reached
Old
Preparatory phase in Parliament
New
Awaiting committee decision