Eurogroup Discusses ECB Succession on November 9: Two Candidates Named, With All Three Executive Board Appointments Possibly Decided Together
Eurogroup President Kyriakos Pierrakakis briefed after the November 9 meeting in Brussels on the process to fill three seats on the European Central Bank's Executive Board: incumbent President Christine Lagarde has announced she will step down on February 7, and the nomination process has been launched in coordination with the President of the European Council.
Two candidates have been put forward for the presidency, Pablo Hernández de Cos of Spain and Klaas Knot of the Netherlands, whom the president described as highly experienced and internationally respected. Of the other two seats, Isabel Schnabel steps down on January 4 and Philip Lane's term ends at the end of May. Pierrakakis said the three appointments could possibly be considered together at leaders' level to help reach consensus, with the final decision resting with the European Council.
Other items included defence financing discussions with NATO Secretary General Mark Rutte, and the digital euro, where negotiations between the Council and the European Parliament are in their final phase with a target of agreement by year-end. Brent crude had approached $118 a barrel in the previous ten days before falling back to $94, European gas prices are about three times pre-war levels, and euro area inflation was 4 percent in October. (Source: Eurogroup)
Source: Eurogroup
Published by GSM · USA (original Chinese edition)
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