2 publishers · first seen Fri, 06 Nov 2026 13:20 UTC · updated Fri, 06 Nov 2026 20:13 UTC
Christine Lagarde announced her early departure from the presidency of the European Central Bank (ECB) for February 2027, opening a succession battle between Dutchman Klaas Knot and Spaniard Pablo Hernandez de Cos. Both candidates, former heads of the Netherlands' central bank and Spain's central bank, were confirmed by Eurogroup President Kyriakos Pierrakakis. The 21 eurozone member countries have until Friday to submit their applications, which will be reviewed by eurozone finance ministers on Monday in Brussels. The ministers will recommend a name to their heads of state and government, who will make the final decision after consulting the European Parliament and the Frankfurt institution's governing council.
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