At a special meeting from June 30, 2019 to July 02, 2019, European Council elected Charles Michel as President of European Council for the period from December 01, 2019 to May 31, 2022. The European Council also welcomed the decision of the Heads of State or Government of the member states, whose currency is the euro, to appoint Charles Michel as President of the Euro Summit, for the same term of office.
Other key conclusions of the meeting include the following:
- European Council adopted the decision proposing Ursula von der Leyen to the European Parliament as candidate for President of EC. The proposed candidate will need to be elected by the European Parliament by a majority of its component members.
- European Council also considered Josep Borrell Fontelles to be the appropriate candidate for High Representative of the Union for Foreign Affairs and Security Policy, subject to the agreement of the President-elect of EC.
- European Council also considered Christine Lagarde to be the appropriate candidate for President of ECB. European Council will take a formal decision on the appointment on the basis of a Council recommendation, after having consulted the European Parliament and ECB's Governing Council. The mandate for the President of ECB is for 8 years non-renewable.
Keywords: Europe, EU, Banking, Insurance, Charles Michel, ECB, European Parliament, European Council, EC
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