Finance

ECB's Nagel says he has credentials to succeed Lagarde

Published by Global Banking & Finance Review

Posted on November 13, 2025

1 min read

· Last updated: January 21, 2026

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ECB's Nagel says he has credentials to succeed Lagarde
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BERLIN (Reuters) -The European Central Bank's Joachim Nagel said sitting on the governing council gives him and others the credentials required to succeed ECB President Christine Lagarde, in comments

Nagel Claims Qualifications to Succeed Lagarde as ECB President

Nagel's Qualifications for ECB Leadership

BERLIN (Reuters) -The European Central Bank's Joachim Nagel said sitting on the governing council gives him and others the credentials required to succeed ECB President Christine Lagarde, in comments published by Germany's Spiegel news magazine on Thursday.

Eligibility of Central Bankers

"In principle, any central banker on the ECB governing council should be eligible to succeed to the top position in the euro system. External candidates with different profiles also have a chance," Nagel, president of Germany's Bundesbank, told the magazine.

Potential External Candidates

Lagarde's tenure as ECB head ends in October 2027.

(Reporting by Rachel More; editing by Philippa Fletcher)

Key Takeaways

  • Joachim Nagel believes his role on the ECB council qualifies him for the presidency.
  • Nagel mentions that both internal and external candidates have a chance.
  • Christine Lagarde's term as ECB President ends in October 2027.
  • Nagel is currently the president of Germany's Bundesbank.
  • The discussion was published in Germany's Spiegel news magazine.

Frequently Asked Questions

What is the European Central Bank?
The European Central Bank (ECB) is the central bank for the eurozone, responsible for monetary policy and maintaining price stability in the euro area.
What is a central banker?
A central banker is an official who manages a country's currency, money supply, and interest rates, typically working for a central bank.

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