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via finance.yahoo.comEconomy

Germany, France in 'intensive' talks on new ECB chief

FROM THE WIRE · FINANCE.YAHOO.COM

Klaas Knot (L) is a contender to replace Christine Lagarde (C) (JOHN THYS) Germany and France are locked in talks to decide who will succeed Christine Lagarde as European Central Bank president, German Chancellor Friedrich Merz said Friday. The ECB is the central bank for the 21…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralThe choice of Lagarde's successor at the ECB can shape expectations for euro area rates and spreads.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01German Chancellor Merz said Germany and France are in talks on the succession.
  2. 02Lagarde will step down in February, several months before her term ends.
  3. 03Candidates mentioned include Pablo Hernandez de Cos and Klaas Knot.

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