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Christine Lagarde, new President of the European Central Bank, Brussels, 4 September 2019. REUTERS / Francois Lenoir

After eight years at the head of the European Central Bank (ECB) Mario Draghi hands over this week to Christine Lagarde. A ceremony will take place on Monday afternoon, October 28, in Frankfurt before an official takeover on November 1st. The challenges awaiting the new President of the ECB are numerous.

For months now, growth has plummeted in the euro zone, even in Germany where the car is suffering from trade tensions, Brexit uncertainties and recent scandals in the sector. The return of a recession is not to be discarded altogether.

Christine Lagarde has already announced that it will walk in the footsteps of Mario Draghi and its massive debt buyback policy to stimulate the economy again. It will inevitably attract the wrath of those who have blasted this policy of easy money, and first the central bankers German and Dutch.

► To listen and read also: ECB President Mario Draghi leaves

Indeed, Germany, it is she who will have to convince to devote its very large budget reserves to support the activity . Mario Draghi never succeeded.

Christine Lagarde will also have to use all her sense of dialogue and diplomacy for size projects. Starting with the banking union, which must be completed to strengthen European solidarity in the event of a financial crisis. Again, Germany is against it.

It will also be necessary to confront the ecological challenges and those posed by cryptocurrencies to the stability and sovereignty of States.

► To listen and read too: Why the future governor of the ECB will have a strategic role