Race for ECB’s No. 2 Job to Shape Search for Lagarde Succession
The European Central Bank (ECB) is facing a significant leadership transition over the next two years. The race for the ECB's second-highest position, the vice presidency, is expected to shape the search for the next president, as Christine Lagarde's term is set to end in 2027. The vice president's role is crucial as they assist the president in setting the ECB's monetary policy and serve as a key member of the Governing Council. The selection process for the vice president will involve negotiations among European Union member states and could influence the future direction of the ECB. The upcoming changes, which will replace two-thirds of the ECB's top leadership, are seen as an opportunity to reshape the institution's priorities and approach. The outcome of the vice president's race could have significant implications for the ECB's policies and the eventual succession of Lagarde's presidency.
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