US EditionChristine Lagarde discussed leaving ECB early to head WEF, Klaus Schwab says
- Christine Lagarde has considered ending her presidency at the European Central Bank ahead of schedule to assume leadership of the World Economic Forum following Klaus Schwab's departure in April 2025.
- This discussion arose amid a long-planned succession, with Schwab resigning last month after misconduct allegations triggered a WEF investigation.
- Lagarde took office at the ECB in 2019, managed crises including inflation surges linked to pandemic and Ukraine war, and still has more than two years left in her term ending October 2027.
- Schwab confirmed Lagarde was central to their succession plan with timelines and arrangements made for her transition, but Lagarde remains committed to completing her ECB mandate.
- Any early ECB departure by Lagarde could trigger a succession race, and the WEF stated it cannot comment on confidential talks about her possible leadership role.
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Lagarde, an Early Farewell to the ECB to Lead the Davos Forum: the Intrigue that Stirs Europe (and Finance)
The Frankfurt Institute denies the "Finncial Times" to which the former President of the Wef, Klaus Schwab, had revealed the negotiations with the President, intending to close his mandate in advance.
·Italy
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Total News Sources45
Leaning Left5Leaning Right7Center8Last UpdatedBias Distribution40% Center
Bias Distribution
- 40% of the sources are Center
40% Center
L 25%
C 40%
R 35%
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