In a plenary vote on 17 September, the European Parliament approved Christine Lagarde‘s appointment to succeed Mario Draghi as President of the European Central Bank.

In the secret vote, MEPs voted 394 in favour, 206 against and 49 abstentions to recommend Lagarde to head up the European Central Bank. Earlier in the day, the plenary held a debate on her suitability for the position.

Lagarde, 63, was nominated by European governments to succeed Draghi on 1 November, as head of the central bank for the 19 countries that use the euro. She served two terms as chief of the International Monetary Fund, and resigned on 12 September. She has stated that she intends to maintain continuity with the policy line of her predecessor, but is also ready to innovate and change the monetary policy toolbox if necessary.

Lagarde’s candidature will now be put on the agenda of October’s European Council summit.