Central Banks

EU Governments May Want to Fast-Track Lagarde Succession at ECB

Christine LagardePhotographer: Alex Kraus/Bloomberg

European governments may choose to fast-track finding a successor for Christine Lagarde at the European Central Bank to avoid having to deal with a far-right French president after 2027 elections.

Lagarde’s term runs through October of next year and a decision would typically be taken that summer. Yet the looming threat of a victory of Marine Le Pen or her protege, Jordan Bardella, in ballots starting in April 2027 in France could push European leaders to adjust their timetable.