Politics and finance play in favour of Hernández de Cos for ECB presidency
The Spanish language is gaining points in the final stretch of the race thanks to a unstable financial context and a complex game of balances between the capitals.
Christine Lagarde announced her resignation as President of the European Central Bank, effective February 7, on October 29. The race to succeed her is nearing its end, with Spanish candidate Pablo Hernández de Cos, currently managing director of the Bank for International Settlements, emerging as the clear favorite. He is ahead of Dutch candidate Klaas Knot, although German Chancellor Friedrich Merz has warned that the talks have not yet concluded. A final agreement is expected within days, according to Merz.
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.
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