European Capitals in Talks over Who Will Succeed Christine Lagarde at ECB
Germany and France are pressing rival candidates as the ECB prepares to replace three senior leaders and manage persistent inflation.
- Eurozone governments are preparing for a major leadership reshuffle at the European Central Bank, with a "grand package" covering three top roles expected to be agreed by the end of December.
- ECB President Christine Lagarde is expected to announce her departure later this year, having discussed a World Economic Forum chair position for more than a year.
- Germany is considering candidates for chief economist, including Princeton economist Markus Brunnermeier, while France discusses Banque de France vice-president Agnès Bénassy-Quéré for the role.
- The eight-year terms of chief economist Philip Lane and executive board member Isabel Schnabel also expire next year, occurring amid volatility in global bond markets and rising debt-servicing costs.
- One senior official described this as the "most important personnel decision" in Europe until 2029, requiring new leadership able to "act effectively over the coming years.
14 Articles
14 Articles
The governments of the euro area countries are negotiating a great deal of changes within the management of the European Central Bank (ECB) and are planning to complete them by the end of 2026, according to the European Commission's...
Eurozone governments are preparing for one of the biggest leadership changes in the European Central Bank's (ECB) nearly three decades of history, with a "grand package" of appointments for the three most important positions expected to be agreed before the end of the year. The talks are particularly high-stakes amid bond market turmoil triggered by the Middle East war and mounting fiscal tensions across the EU.
A big change will soon be seen at the European Central Bank, with Christine Lagarde, the president, expected to stand down from her post. Speculation about a successor is running hot.
The battle has begun in the EU for Christine Lagarde's successor at the ECB
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