France Backs Knot for ECB Top Job
France reportedly supports Klaas Knot to succeed Christine Lagarde at the European Central Bank. In exchange, Paris seeks the influential post of chief economist. The informal proposal could face strong resistance from Germany.
France will back Dutch veteran Klaas Knot to lead the ECB provided the chief economist post goes to a French candidate, people familiar with the matter said on September 15. The informal proposal from Paris aims to shape the succession race ahead of scheduled departures in late 2027. The deal sets the stage for high-stakes political haggling among the currency bloc's 21 member countries.
