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Key FactsLagarde announces departure from ECB presidency

Oct 29, 2026 · Reading time: ~45 sec.
Summary created with AI assistance · Source: zdfheute.de

Before announcing her departure, Lagarde informed the ECB Governing Council and European Council President António Costa.

Lagarde’s eight-year term began on November 1, 2019, and would regularly have ended in late October 2027.

Costa said the succession process would begin on October 29 to ensure a smooth transition.

Her departure gives the leaders of the 21 euro-area countries an opportunity to settle the succession earlier.

Europe has greatly benefited from her leadership in uncertain times and her unwavering commitment to the European project.
— António Costa, President of the European Council, praised Christine Lagarde’s leadership after the announcement of her resignation.

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