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ECB President Lagarde plans to quit before Macron's term ends, FT reports
Lagarde aims to leave before the 2027 French election to let Macron influence ECB successor choice amid concerns over a far-right victory, reports Financial Times.
- In Frankfurt, the FT reported that European Central Bank President Christine Lagarde plans to leave before next year's French presidential election to let Emmanuel Macron influence her successor, according to a source.
- The Financial Times reported that Lagarde is said to want Macron and Friedrich Merz to be key deciders, despite all 21 euro zone leaders formally choosing her successor.
- Several names have been floated, including Klaas Knot, former Dutch central bank chief, and Pablo Hernandez de Cos, Bank for International Settlements general manager, though no formal candidates exist.
- An ECB spokesperson responded on Feb 18 that `Lagarde is totally focused on her mission and has not taken any decision regarding the end of her term` after the FT report on Feb 17.
- Lagarde’s term officially runs until Oct 31, 2027, and the FT report follows Francois Villeroy de Galhau, Bank of France Governor, saying he will step down in June this year.
140 Articles
140 Articles
According to the Financial Times the president would say goodbye to the central bank before the French elections of 2027 to leave the current tenant of the Eliseum the match of his succession.In the face of the alleged independence of the Frankfurt Institute.
Christine Lagarde, mistress of the euro, could resign from her position as ECB chief, and the calculation behind it: to avoid a victory of the right in France.
Christine Lagarde: Is central bank independence at risk?
Speculation is mounting over the European Central Bank's leadership after a report suggested Christine Lagarde may step down early. The possibility is already stirring debate about politics and central bank independence.
The ECB president told her colleagues that she would inform them if she intends to move forward – Although she is not ruling out scenarios, her colleagues estimate that she will not leave immediately
Frankfurt. The euro fell yesterday after a report was released stating that the president of the European Central Bank (ECB), Christine Lagarde, would leave office earlier than planned, while the dollar rose after a series of positive data on employment behaviour in the United States and the publication of the minutes of the January meeting of the Federal Reserve were released. The Financial Times reported that Lagarde would leave office early, …
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