The surprise nomination of Christine Lagarde to serve as the next president of the European Central Bank (ECB) has pleased many observers, including me, and disappointed others. Those who are pleased feel that Lagarde's eight-year term as Managing Director of the International Monetary Fund (IMF) m

One can't help feeling that the race to succeed Mario Draghi as president of the European Central Bank (ECB) has taken on the flavour of the upcoming final round of the Eurovision Song Contest. Governments want a candidate from their country to win because it makes them look good, not because the c