German government to nominate Isabel Schnabel to ECB’s board

Isabel Schnabel
Bankenverband / Gregor Fischer

The German government will nominate Isabel Schnabel to the executive board of the European Central Bank (ECB), according to press reports.

The finance minister Olaf Scholz will propose Schnabel’s nomination to the federal government on Wednesday, according to separate reports from the German daily Süddeutsche Zeitung, and the news agency Reuters.  

If nominated, Schnabel would replace Sabine Lautenschläger, who unexpectedly resigned in late September. Lautenschläger opposed some of the

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