The EU faces a dizzying negotiation to close Lagarde's succession and the new community budget in December
The major capitals are sharpening their weapons ahead of a critical summit in December, aimed at strengthening the foundations of the union before the 2027 super-election cycle.
The European Union is facing intense negotiations on two key issues. The multiannual budget (MFF) of nearly two trillion euros is being debated, and the upcoming departure of Christine Lagarde from the European Central Bank has sparked a contest for her position and two other seats on the bank's Executive Committee. The president of the ECB and other top officials require support from Germany and France to be appointed.
Pablo Hernández de Cos of Spain and Klaas Knot of the Netherlands are being considered as potential successors to Lagarde.
Written by urgent.news from El Pais Economia's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
