The EU launches the race to renew the ECB's top team
The Eurogroup will give the starting signal for the process next Thursday, after Lagarde requested by letter a replacement for Schnabel, who is leaving the central bank in January.
Christine Lagarde, President of the European Central Bank (ECB), has written to António Costa, President of the European Council, requesting that countries start searching for a replacement for Isabel Schnabel, a member of the ECB's Executive Committee. Schnabel, responsible for Market Operations, announced she will leave the ECB in January to join the International Monetary Fund (IMF).
The search for her replacement is seen as the first step in a series of appointments that will determine the future aspirations of countries seeking to fill other vacant positions at the ECB. The Eurogroup will discuss the matter at a meeting on October 8 in Luxembourg.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
