+34
The European Central Bank is bracing for a major leadership overhaul. With the terms of the president, chief economist, and an executive board member all ending in 2025, Eurozone governments are engaged in high-level negotiations to fill these critical positions. The appointment strategy must balance national interests, economic expertise, and the need for stability in light of recent inflation hikes and geopolitical tensions. The final decision, expected by year-end, will shape the ECB's trajectory for the next several years.
Eurozone governments are negotiating a 'grand package' over three of the central bank's most senior roles - president, chief economist, and executive board member - which are all set to expire next year.
The aim is to finalize this multi-role appointment by the end of December, ensuring the ECB's top tier is filled with candidates capable of navigating the region's future economic volatility. Current front-runners for president include Pablo Hernández de Cos and Klaas Knot, while several high-profile academics are being considered for the chief economist position. The outcome will significantly impact the ECB's policy direction as it prepares for potential prolonged inflation and global market instability
Please follow us on Google to support usEuropean Central Bank ECB Eurozone Banking Finance
Ireland Latest News, Ireland Headlines
Similar News: You can also read news stories similar to this one that we have collected from other news sources.
US rugby ambition stalls amid contractual and economic hurdlesThe push to relocate high‑profile rugby fixtures to the United States for the 2031 World Cup faces major licensing, financial, and contractual challenges, leaving the sport's future in America uncertain.
Read more »
Zverev wins US Open, adding to his grand slam tallyAlexander Zverev beat Ben Shelton 6-3, 7-6 (7/2), 5-7, 6-2 to win the US Open on Sunday, capturing his second Grand Slam title after the French Open earlier this year. The German player overcame a bitter 2020 US Open defeat and denied Shelton's bid to become the first US man in 23 years to win a major.
Read more »
‘In Finland, saunas are the great leveller. In Ireland they’re for people with a few bob’Irishman in Lapland: ‘I bought a house for €32,000, it’s a magic place to live’
Read more »
John McGahern Archive Opens at University of GalwayThe University of Galway will open a new exhibition showcasing the extensive archive donated by Irish writer John McGahern. The collection contains unprecedented insights into his creative process, from early sketches in school copy books to first‑edition drafts of his major novels. The exhibition will feature original letters from the publishing house Faber & Faber, early manuscripts of *The Barracks*, a battered paperback copy used in public readings, and a host of photographs and correspondence. This showcase offers scholars and readers an intimate glimpse into how McGahern's life and relationships shaped his telling of Irish identity. The display highlights the mechanics of publishing, the ethic of generosity, and the enduring legacy of a revered writer.
Read more »