US EditionECB's Lagarde signals no imminent exit as politics and central banks collide
Lagarde denies plans to leave early, stressing her commitment to complete her term amid political concerns over far-right influence in EU leadership appointments.
- On Wednesday, the Financial Times reported Christine Lagarde may leave early before next year's French presidential election to let Emmanuel Macron influence her successor, but an ECB spokesperson told Euronews no decision has been made and Lagarde is `fully determined to complete her term`.
- Last week, the Financial Times reported political timing may drive Lagarde's potential early departure, with rising support for Marine Le Pen and Jordan Bardella and concerns over RN and AfD.
- An FT December poll and market commentary point to Klaas Knot, former Dutch central bank chief, and Pablo Hernández de Cos, former Governor of the Bank of Spain and Bank for International Settlements leader, as the most probable successors to Lagarde.
- The reports risk paralyzing the appointment process for EU institutions, as Berlin's preferences could alter with Friedrich Merz potentially backing a Dutch nominee over a German, affecting national bargaining.
- Lagarde frames her role as centering on price and financial stability, `protecting the euro` and shaping her legacy, while the Frankfurt leadership race will intensify speculation over European monetary policy.
45 Articles
45 Articles
The President of the European Central Bank announces that he intends to make full use of his term of office by the autumn of 2027. Until then, Christine Lagarde wants to secure everything that has been achieved.
Christine Lagarde said her "reference scenario" was to complete her mandate at the head of the European Central Bank, after speculations about an early departure, according to an interview published Thursday evening in the American press. ...
Christine Lagarde expects to complete her ECB term
Christine Lagarde expects completing her mission as president of the European Central Bank will take until the end of her term, she told the Wall Street Journal in an interview, amid reports she would step down before her contract expired.
"We need to consolidate and make sure that this is really solid and reliable, so my baseline scenario is that it will take until the end of my mandate." (ANSA)
In the middle of the week there are rumors that ECB boss Lagarde wants to clear her post prematurely. In order to make possible a replacement before the next elections in France, in order not to play the right hand in the hands. The rumors are not confirmed. But also not denied.
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