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European Central Bank President Christine Lagarde is reportedly weighing an early exit from the bank just as the EU enters a crucial phase for the digital euro.European Central Bank President Christine Lagarde is considering leaving before her eight-year term ends in October 2027, the Financial Times reported, citing a person “familiar with her thinking.
”to be weighing an early exit ahead of France’s April 2027 presidential election so that outgoing President Emmanuel Macron and German Chancellor Friedrich Merz can agree on a successor, the FT reported Wednesday. An ECB spokesperson pushed back on the report, telling Cointelegraph: “President Lagarde is totally focused on her mission and has not taken any decision regarding the end of her term.”Her potential departure would come at a sensitive moment for the ECB’s digital agenda.Digital euro key to payments sovereignty in ‘weaponised’ world: ECB execA change at the top of the ECB could impact how the institution communicates on, and prioritizes, issues such as the digital euro,by the FT in December identified Spain’s former Central Bank Governor Pablo Hernández de Cos and his Dutch counterpart Klaas Knot as leading contenders to replace Lagarde, with ECB Executive Board Member Isabel Schnabel and Bundesbank President Joachim Nagel also seen as potential candidates., Hernández de Cos has framed crypto assets and stablecoins as a financial stability risk that demands strong regulation and supervision, while Knot hasthe push for a digital euro to safeguarding European monetary and financial sovereignty, and has called Bitcoin a “digital tulip” that is “anything but transparent,” warning against treating Bitcoin as a reserve asset.The digital euro project still needs the green light from EU lawmakers, while the ECB has moved into a technical preparationHe said that would enable a 12‑month pilot in a controlled Eurosystem environment starting in the second half of 2027, with real‑world transactions and a limited group of payment service providers, merchants and Eurosystem staff. The Eurosystem aims to be ready for a potential first issuance of the digital euro during 2029, assuming the legislative process stays on track.Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently. Read our Editorial Policy
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