French president Emmanuel Macron delivers a speech on environment and social equality to business leaders in Paris, on the eve of the G7 summit. Photograph: Michel Spingler/EPA

French president Emmanuel Macron wants the three-day G7 summit that he will host in Biarritz from Saturday to “lay the foundations of a new democratic(...)

 President of the European Central Bank Mario Draghi: recognises the limitations of monetary policy in fixing the euro zone’s ills. Photograph: Kai Pfaffenbach

The European Central Bank will doubtless cut its overnight deposit rate even deeper than the current -0.4 per cent at its next meeting in September. T(...)

Gabriel Makhlouf was approved as Central Bank governor by the Government in May and will take up the €286,760 post in September. Photograph: Vivek Prakash/Bloomberg

Two former governors of the Central Bank raised concerns with senior figures in Government around the recent appointment of their successor. Both Phi(...)

Cadbury’s moon landing recreation: one small step for chocolate-makers, one sweet treat for mankind. Photograph: Jacob King/PA

Image of the week: Chocolate moon Tomorrow marks 50 years since Neil Armstrong beat Buzz Aldrin by about 20 minutes to become the first man on the mo(...)

Christine Lagarde and Mario Draghi. They both agree central banks should step in if inflation is weak. Photograph: Getty Images

Christine Lagarde is the surprise nominee to be the next president of the European Central Bank, the body that sets monetary policy for one-fifth of t(...)

Bruno Le Maire, France’s finance minister. Photograph: Christophe Morin/Bloomberg

G7 finance ministers will have the growing powers of big digital firms in their sights when they meet on Wednesday outside Paris despite divisions abo(...)

Mark Carney, governor of the Bank of England. Photograph: Christophe Morin/Bloomberg

Ireland has been approached at the International Monetary Fund (IMF) to throw its support behind Mark Carney as the next head of the fund, as negotiat(...)

  Christine Lagarde: “I have made this decision in the best interest of the Fund, as it will expedite the selection process for my successor.” Photograph: Reuters

Christine Lagarde will leave the International Monetary Fund in September, as her nomination to lead Europe’s central bank gathers pace. In a stateme(...)

“Completing EMU will require some form of fiscal integration in the end.”

Policymaking is generally a messy business. Those in the thick of it know that it rarely starts from a clean slate but is bound by past decisions. Tho(...)

Christine Lagarde: being the unlikely candidate has consistently been the making of her. Photograph: Saul Loeb

“No, no, no, no, no, no,” Christine Lagarde said last year when asked if she was interested in running the European Central Bank (ECB). What she meant(...)

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