Christine Lagarde to step down as ECB president in February
This decision allows French President Emmanuel Macron to have a say in the choice of his successor before next year's elections.
Christine Lagarde will step down as President of the European Central Bank on February 7. The ECB confirmed her departure but did not provide immediate details on her future plans. Her announcement opens the way for a global agreement between EU capitals on appointments to the ECB's Executive Board, which has several upcoming vacancies. The German economist Isabel Schnabel will leave the ECB in January to join the International Monetary Fund.
Written by urgent.news from Politico EU's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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