# EU aims to pick new ECB chief by year-end

- URL: https://talkfuse.com/story/eu-aims-to-pick-new-ecb-chief-by-year-end/
- Published: 2026-11-09T11:55:00+00:00
- Updated: 2026-11-09T12:26:21+00:00
- Original publisher: DW (publisher lean: Centre)
- Original article: https://www.dw.com/en/eu-aims-to-pick-new-ecb-chief-by-year-end/a-79898169?maca=en-rss-en-all-1573-rdf
- Topics: Europe, World

## Key points

- EU leaders aim to name Lagarde’s successor by year-end.
- Klaas Knot and Pablo Hernández de Cos are the reported contenders.
- Two more ECB board positions will soon need filling.

## Summary

The EU aims to choose a successor to European Central Bank President Christine Lagarde by the end of December, after she announced she would leave nine months before her term ends. The appointment matters because the ECB president helps lead eurozone monetary policy, and the bloc must also fill two other senior positions on the bank’s Executive Board within months.

The reported contenders are former Dutch central bank governor Klaas Knot and Pablo Hernández de Cos, who leads the Bank for International Settlements. Eurozone finance ministers are expected to discuss the candidates before a European Parliament hearing and a final decision by EU leaders. The other vacancies are Isabel Schnabel’s seat, which opens on 3 January 2027, and chief economist Philip Lane’s, whose term ends in May 2027; officials expect the three appointments could be negotiated together.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.