The job of President of the European Central Bank (ECB) will be vacant in February, when Christine Lagarde steps down early. It will not be an easy task, it is said.
Christine Lagarde's successor to the ECB could be an "outsider," not one of the two central bankers data for favorites, namely the Spanish Pablo Hernandez De Cos and the Dutch Klaas Knot. Andrzej Szczepaniak, Senior European Economist of Nomura, predicts it. For Szczepaniak "the replacement of Madame Lagarde will not lead to significant differences in the way the ECB conducts monetary policy. The ECB is an institution founded on consensus, and t…