French gridlock will test Lagarde’s successor, economists say
Appointment of next ECB chief could mark ‘turning point’ for monetary union
The next president of the European Central Bank will have to defend the eurozone against fragmented national politics that no longer delivers fiscal discipline, economists tell Central Banking, with France’s government bond market likely to provide the first major test.
The ECB said on October 29 that Christine Lagarde had informed its governing council and European Council president António Costa that she would be stepping down as president on February 7, 2027. Leonardo Melosi, professor of
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