France backs Spain's de Cos for ECB presidency; package deal with Germany emerging
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The EU is set to replace ECB President Christine Lagarde, with the succession process also affecting two other senior ECB roles. The outcome will shape monetary policy direction and institutional balance, though candidates and timelines remain unspecified.
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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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