La UE afronta una negociación de vértigo para cerrar el relevo de Lagarde y el nuevo presupuesto comunitario en diciembre
Las grandes capitales velan armas ante una cumbre crítica en diciembre, destinada a reforzar los cimientos de la unión antes del superciclo electoral de 2027
The European Union is bracing for an intense eight-week negotiation period, as it nears the completion of the successor to Christine Lagarde and the new community budget in December. This high-stakes battle is not just for the Multiannual Financial Framework (MFF), which totals nearly two trillion euros, but also includes the distribution of the presidency of the European Central Bank (ECB) and two other seats on the institution's Executive Committee.
These latter positions determine the interest rates for the 21 eurozone countries. While the rules differ for the two elements, diplomatic and EU sources acknowledge that the balance and political maneuvering tie the two issues together, especially since none of the candidates to lead the ECB have ever succeeded without the backing of Germany and France.
The frontrunners to replace Lagarde are Spain's Pablo Hernández de Cos, former Governor of the Bank of Spain and current head of the International Monetary Fund, and the Netherlands' Klaas Knot, former Governor of the Dutch Central Bank.
Written by urgent.news from El Pais Economia's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
