Economy

France urges European Union candidates for Lagarde-succession

France urges European Union candidates for Lagarde-succession”

The incoming European Central Bank chief Christine Lagarde should shift monetary policy to make it comply with the bank's mandate, the head of Germany's ruling Christian Democratic party said in an interview.

The issue is not on the formal agenda of Monday's meeting as the International Monetary Fund itself has not even yet opened the procedure to find a new managing director. From circles of the Euro group, it was said that there is a strong desire among the States to nominate a single candidate.

European Union governments are considering Bank of England Governor Mark Carney to replace Lagarde at the IMF, Bloomberg reported on Friday.

Although Carney holds an Irish passport, he is a Canadian.

When asked about Dijsselbloem as a possibility, Dutch Finance Minister Wopke Hoekstra said: "The Netherlands has some excellent candidates".

Other names under consideration are the outgoing EU Competition Commissioner Margrethe Vestager, the World Bank's chief executive Kristalina Georgieva, while with a French woman taking over the ECB, the chances of the Governor of the Bank of France François Villeroy de Galhau appear less significant. But eventually she was not chosen by EU leaders for any post, leaving eastern European countries with no top position in the EU.

The official said the president of the Eurogroup, Mario Centeno, was among those working on this, together with Finland, which now holds the EU's rotating presidency.



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