Germany seeks ECB board seat
Germany will nominate a candidate to replace Isabel Schnabel on the European Central Bank executive board. Finance Minister Lars Klingbeil confirmed the decision during meetings with euro zone counterparts.
Germany will nominate a candidate to fill an upcoming vacancy on the ECB executive board, Finance Minister Lars Klingbeil said on Friday. The move signals that Berlin will not contest the central bank presidency when it becomes vacant next year. The ECB faces a significant leadership turnover, with at least half of its executive board seats opening up in the coming months.
