Germany Weighs Nagel for ECB Presidency as Lagarde Exit Speculation Mounts
Updated
Updated · Bloomberg · Aug 6
Germany Weighs Nagel for ECB Presidency as Lagarde Exit Speculation Mounts
1 articles · Updated · Bloomberg · Aug 6
Summary
Berlin coalition talks have centered on whether Germany should nominate Bundesbank President Joachim Nagel to lead the European Central Bank, according to people familiar with the matter.
Nagel’s prospects have advanced because speculation is growing that Christine Lagarde could leave the ECB before her term ends, prompting early positioning over the succession.
Germany has not made a final decision, but the discussions show Europe’s biggest economy is actively preparing for a potential leadership change at the euro zone’s top monetary authority.