France backs Knot for ECB presidency in exchange for French chief economist role

France will support Dutch Klaas Knot to succeed Christine Lagarde as ECB President, conditional on a French national holding the Chief Economist position, per Reuters sources. This marks a shift in France's stance, previously favoring a French candidate, and signals a potential Franco-Dutch bargain that could shape ECB leadership and policy direction. The outcome remains uncertain as other member states may contest the arrangement.