ECB Presidency Race May Lead to Broader Deal on Top Bank Jobs
Photo: Marius Burgelman/AP/TT

ECB Presidency Race May Lead to Broader Deal on Top Bank Jobs

Both the ECB presidency and other top positions are at stake as the EU decides who will succeed Christine Lagarde as head of the central bank.

Spanish candidate Pablo Hernández de Cos and Dutch candidate Klaas Knot are competing to replace Frenchwoman Christine Lagarde as ECB president when her term ends in February.

The first discussion of the two candidates will take place on Monday, when eurozone finance ministers meet in Brussels.

The EU heads of state and government are expected to decide who gets the job at summits later this year. They will probably also discuss who will fill two other top positions at the bank that are soon to become vacant.

“The fact that we have three vacancies at the same time has led many - including journalists - to talk about some kind of package deal. That may make things easier,” says the chair of the eurozone finance ministers’ meeting, Kyriakos Pierrakakis.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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