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ECONOMY • EUROPEAN UNION
EU aims to choose next ECB president by year-end
2 SOURCES EUROPEAN UNIONNEW
BLUF
The European Union expects to select a new European Central Bank president by the end of December after Christine Lagarde decided to leave the role early, according to DW. Euronews reports that Spanish minister Carlos Cuerpo is making a case for Madrid’s candidate, but its summary does not name that candidate.
HOW THIS BRIEF WAS MADE 2 outlets: 2 international. Automated sourcing and summaries by the BLUF engine. Corrections
Why it matters
The ECB sets monetary policy for the euro area, so its leadership can matter to global markets and U.S. businesses and investors with European exposure. The articles do not identify the Spanish candidate or describe likely effects on policy.
What happens next
The EU aims to select a new ECB chief by the end of December. The articles do not say who will be chosen or give further details on the selection process.
Who Madrid’s candidate is
Whether the EU meets its year-end selection target