Pablo Hernández de Cos, among the candidates to succeed Christine Lagarde
Published
The name of Pablo Hernández de Cos, governor of the Bank of Spain, appears among the main candidates to lead the European Central Bank (ECB). His possible appointment would be significant for Spain, since the post is one of the most important in the eurozone. According to the available information, the other major candidate is the Dutch Klaas Knot, former president of the Netherlands' central bank.
The presidency of the ECB is currently held by the French Christine Lagarde. For this reason, talk is beginning about who could replace her. The president of the ECB leads the monetary policy decisions of the countries that use the euro, such as raising or lowering interest rates, and plays an important role in the stability of the European economy.
Hernández de Cos has long experience in financial institutions. Before heading the Bank of Spain, he was chair of the Basel Committee on Banking Supervision, an international body that sets standards for banks. Klaas Knot, for his part, presided over the Netherlands' central bank for several years and took part in the ECB's monetary policy meetings.
So far, no official decision has been made about Lagarde's successor. The appointment depends on an agreement between the governments of the eurozone countries, which must agree on the candidate. For this reason, the names being considered may still change in the coming months.
Sources: Business People España
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