Ministers start process to replace ECB Schnabel
Euro zone finance ministers have initiated the search for a successor to ECB board member Isabel Schnabel, who departs in January for the IMF. Member states must submit candidates by October 28 ahead of a planned December appointment.
Euro zone finance ministers started a process on Thursday morning to replace European Central Bank board member Isabel Schnabel, who departs on January 3 for the IMF. The exit triggers a broader contest for top monetary roles. Schnabel's departure initiates a complex political negotiation across the bloc.
