good global vision, political foresight, and understanding of international relations,” he said. “She has ac
complished a lot in the past eight years, thus, moving to lead ECB won’t be difficult for her.”上海龙凤419品茶微信
Wei, also a member of the Academic Committee of the International Mo
上海龙凤419netary Institute of Renmin University of China, said that he also appreciates Lagarde’s ef
forts in making the Chinese currency RMB part of the IMF Special Drawing Rights basket on Oct 1, 2016. It made the R
MB the fifth currency in the basket, joining the US dollar, euro, Japanese yen and British pound.上海龙凤419品茶微信
Edward Tse, founder and CEO of management consultancy Gao Feng Advisory, said that Lagarde’s comp
上海龙凤419rehensive experiences in multilateral institutions would make her a qualified ECB head.
He said that an important part of leading the ECB is balancing the p
olitical interests among eurozone members, so political skills are essential and somet上海龙凤419品茶微信
imes are more important than technical skills. And, in the ECB, there are already many economists to assist her.
“The most important part of leading the ECB is political sensitivity and political coord
上海龙凤419品茶微信ination capacity,” he said. “So EU leaders’ choice of Lagarde is very reasonable.”
He added that the EU’s economy lacks vitality, so whoever is ECB head will find it hard to change the situation.
“If Lagarde gradually solves the current problems with her high political sensitivity, it is already the best scenario,” he said.上海龙凤419
The European Union on Wednesday lowered its forecasts for economic growth next year fo
上海龙凤419品茶微信r both the 19-country eurozone as well as other countries within the bloc, partly due to the United Kingdom’s i
mpending exit from the bloc as well as current trade tensions around the world. Eurozone growth is expected to pick up f
rom 1.2 percent this year to 1.4 percent in 2020, down from a previous estimate of 1.5 percent.上海龙凤419
Tse said that EU’s economy has entered a structural downturn, and in many countries, ma
king short-term adjustments cannot help them achieve rapid economic development.上海龙凤419品茶微信
“Up till now, EU countries haven’t found the means for quic
k economic growth yet, which is different from the situation in China and t
he US, where innovation acts as the main driver for economic development,” he said.