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France would back Dutch veteran Knot to lead ECB, wants chief economist job: Report
France is seeking the ECB chief economist post in exchange for supporting Klaas Knot, as a possible reshuffle could open next year.
- France would back Dutchman Klaas Knot to succeed ECB President Christine Lagarde as European Central Bank president, provided the powerful chief economist role goes to a French candidate, sources said.
- Speculation that Lagarde and executive board member Isabel Schnabel might step down before their terms expire in late 2027 has accelerated the succession race at the European Central Bank, hastening decisions among the 21 currency bloc countries.
- Paris shortlisted Banque de France Deputy Governor Agnes Benassy-Quere and former Organisation for Economic Co-operation and Development chief economist Laurence Boone to maintain influence over eurozone monetary policy amid mounting debt concerns.
- Former Bank of Spain governor Pablo Hernandez de Cos remains Knot's primary rival, though his appointment would likely require a northern European official to take the chief economist role to preserve the Governing Council's balance of power.
- Germany remains wary of any softening of the ECB's commitment to price stability and is expected to resist the plan, as Berlin officials also eye the chief economist role—widely considered the board's second most influential post.
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18 Articles
18 Articles
For the ECB, the next chief economist is sought. The decision is also explosive because the policy could create a package with the ECB Presidential Office. What does France want, what does Germany want?
·Frankfurt, Germany
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France announced who it will support for the ECB's head after Christine Lagarde's departure.
·Bucharest, Romania
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France moves tab by Klaas Knot to preside over the ECB and unleashes a clash with Germany over monetary policy. The entry France backs Knot to preside over the ECB and claims the position of chief economist appears first in Moncloa.
Coverage Details
Total News Sources18
Leaning Left1Leaning Right4Center3Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
13%
C 37%
R 50%
Factuality
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