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ECB President Lagarde plans to quit before Macron's term ends, FT reports
Lagarde aims to exit early so French President Macron can influence ECB succession amid concerns of a far-right win affecting leadership choice.
- 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.
62 Articles
62 Articles
There are reports again that Christine Lagarde could leave the ECB before the end of her term in October 2027 for political reasons. The central bank states that no decision has yet been taken.
According to the Financial Times, the President of the European Central Bank, Christine Lagarde, wants to resign before the end of her eight-year term of office.
Christine Lagarde will probably not remain as President of the European Central Bank until the end of her mandate in October 2027. According to information from those close to her, she is considering leaving before the French presidential elections, which are scheduled to be held in April next year.
ECB President Lagarde seems to want to give up her position prematurely.
The President of the European Central Bank plans to vacate his post before the French presidential election planned in April 2027, reports the Financial Times. An ECB spokesman says Lagarde has not yet made a decision about the end of her term of office.
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