ECB President Christine Lagarde may resign before end of term
European Central Bank President Christine Lagarde might leave her position before completing her eight-year mandate. According to Financial Times, she intends to step down before the French presidential elections scheduled for April 2027, allowing French President Emmanuel Macron and German Chancellor Friedrich Merz to appoint the new ECB president.
This move holds significant implications for European economic policy, as a leadership change at the ECB could affect future monetary strategies and regulation. Lagarde's term highlights the delicate political balance between France and Germany in selecting the eurozone's top leadership.
It remains to be seen how the leadership transition will unfold and what steps the key countries will take to ensure the ECB's stability in the coming years.
