ECB leadership succession opens three top jobs as Lagarde replacement sought
Published 1 d ago3 sourcesEvidence: Reported
Macron and Merz discussed Lagarde's ECB succession, with Paris reportedly favoring Spanish candidate Pablo Hernandez de Cos over Dutch Klaas Knot. The selection also includes two executive board seats, making the outcome pivotal for ECB policy direction. The race is early and informal, with no formal decision yet.
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The succession process for ECB President Christine Lagarde, triggered by her departure on February 7, is underway and expected to conclude by end-2026. Klaas Knot (Netherlands) and Pablo Hernández de Cos (Spain) are confirmed as the two leading candidates, with a decision anticipated in December. The process is complicated by the simultaneous opening of three additional board seats, creating an unprecedented four-vacancy package deal.
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