Christine Lagarde: A Power Shift at the European Central Bank?
Christine Lagarde, the President of the European Central Bank, may depart before her eight-year term ends in 2027. The potential move is aimed at timing this departure before the French presidential election, allowing President Macron to appoint a new ECB chief, amid political transitions in France and Germany.
European Central Bank President Christine Lagarde is poised to step down before her term ends in 2027, according to sources cited by the Financial Times. This potential move aligns with the 2024 French presidential election cycle, coinciding with President Macron's search for her successor.
Lagarde's anticipated early exit follows the Bank of France Governor Francois Villeroy de Galhau's decision to leave his post in June, ahead of schedule. His departure grants President Macron the opportunity to appoint a replacement before the election, a period of significant political importance. The ECB and Lagarde have not officially commented on these developments.
According to earlier reports, Lagarde was considering leaving to join the World Economic Forum, although she had previously affirmed her commitment to serve her full term at the ECB, ending October 31, 2027. Her career includes notable roles as managing director of the International Monetary Fund and French finance minister.
Google News