EU Capitals Spar Over ECB Succession After Lagarde Leaves

European capitals are engaged in negotiations over who will succeed Christine Lagarde as President of the European Central Bank (ECB).

The position has become vacant due to Lagarde's recent appointment as head of the International Monetary Fund.

The process is reportedly complicated, with several candidates being considered for the role. The European Commission and governments have been involved in discussions about who will take over at the ECB.

Lagarde's departure from the ECB marks the end of a six-year tenure at the helm of the bank, during which she played a crucial role in shaping Europe's monetary policy.