France would back Dutch veteran Knot to lead ECB, wants chief economist job: Report
France is seeking the ECB chief economist post in exchange for supporting Klaas Knot, as a possible reshuffle could open next year.
- France would back Dutchman Klaas Knot to succeed ECB President Christine Lagarde as European Central Bank president, provided the powerful chief economist role goes to a French candidate, sources said.
- Speculation that Lagarde and executive board member Isabel Schnabel might step down before their terms expire in late 2027 has accelerated the succession race at the European Central Bank, hastening decisions among the 21 currency bloc countries.
- Paris shortlisted Banque de France Deputy Governor Agnes Benassy-Quere and former Organisation for Economic Co-operation and Development chief economist Laurence Boone to maintain influence over eurozone monetary policy amid mounting debt concerns.
- Former Bank of Spain governor Pablo Hernandez de Cos remains Knot's primary rival, though his appointment would likely require a northern European official to take the chief economist role to preserve the Governing Council's balance of power.
- Germany remains wary of any softening of the ECB's commitment to price stability and is expected to resist the plan, as Berlin officials also eye the chief economist role—widely considered the board's second most influential post.
15 Articles
15 Articles
France announced who it will support for the ECB's head after Christine Lagarde's departure.
ECB Staff Demand Clarity as France Pushes Knot to Succeed Lagarde
European Central Bank staff members have written to the institution’s board demanding clarity over rumored early departures of President Christine Lagarde and Executive Board member Isabel Schnabel, warning that prolonged uncertainty could damage trust in the ECB and complicate succession planning, according to a letter seen by Euronews. In the letter, staff said they were […]
According to reports, France's President Emmanuel Macron supports the Dutchman Klaas Knot as the successor to ECB President Christine Lagarde – provided that a Frenchman receives the post of Chief Economist. Dispute with Germany is pre-programmed.
France is ready to back former Dutch central bank governor Klaas Knott to succeed Christine Lagarde as head of the European Central Bank, on condition that the powerful post of ECB chief economist is given to a French candidate. The informal proposal has the support of President Emmanuel Macron, but …
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