An ECB official told Euronews that no decision has been taken as of yet, following allegations on Wednesday that Christine Lagarde is ready to resign as president of the European Central Bank earlier than expected. According to the spokeswoman, Lagarde will continue to concentrate on her goal in the interim.
Compared to last year, when similar accusations surfaced, the European Central Bank claimed that Lagarde was “fully determined to complete her term” in response to the reports, albeit it was less emphatic in its denial of the French chief’s potential early departure.
Political timing may be the driving force behind the possible move, which was first reported by the Financial Times, which cited a source with knowledge of the situation. According to reports, Lagarde plans to leave her seat in Frankfurt prior to the April 2027 French elections, which would take place months before her eight-year term officially ends in October of the same year.
By leaving early, Lagarde would provide the current leaders of Europe’s top two economies the opportunity to influence future European monetary policy by letting German Chancellor Friedrich Merz and departing French President Emmanuel Macron supervise the selection of her successor.
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