European Union aims to select a new ECB president by the end of the year
The European Union aims to select a new head for the European Central Bank by the end of the year. This follows Christine Lagarde's announcement in February that she would resign from the institution. EU leaders are expected to appoint a successor based on recommendations from euro area finance ministers.
- The EU intends to select the next head of the European Central Bank by the end of the year.
- Christine Lagarde announced her resignation from the ECB in February.
- EU leaders will appoint Lagarde’s replacement based on a recommendation from euro area finance ministers.
- There is an expectation that leaders will agree on a package deal for three appointments.
- Klaas Knot and Pablo Hernandez de Cos are the two candidates to replace Lagarde.
Outlets: Channels TV, Deutsche Welle, Free Malaysia Today, Kathimerini, LRT (Lithuanian)
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