
- The European Central Bank asked EU leaders to begin choosing a successor to Chief Economist Philip Lane on its Executive Board.
- A spokesperson for European Council President Antonio Costa confirmed receipt of the letter from ECB President Christine Lagarde.
- The request opens another vacancy on the ECB Executive Board, a leadership change that affects ECB policy continuity.
Quotes
“I can confirm that President Antonio Costa has received the letter from President Lagarde requesting to launch the formal procedure for appointing a successor for Philip Lane as new member of the ECB Executive Board”