Economy · Frankfurt, Germany · November 12, 2026

France leans toward backing Spain's Hernández de Cos for ECB president

Reported by 2 outlets · first reported Nov 12, 2:38 AM ET

France is leaning toward backing Spain's Pablo Hernández de Cos to succeed Christine Lagarde at the European Central Bank. The shift could pave the way for broader understanding with Germany. A poll said Lagarde would rival centrist candidates in the French presidential race.

Why it matters

The ECB sets interest rates for 20 euro countries.

Background

Lagarde's term as ECB president is ending.

The story so far

1. Oct 29ECB's Lagarde to step down Feb. 7
2. Oct 30Lagarde to leave European Central Bank in February
3. Nov 8Two candidates in race for ECB presidency
4. Nov 9EU aims to pick new ECB chief by year-end
5. Nov 12France leans toward backing Spain's Hernández de Cos for ECB president

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Sources

• Asharq Al-Awsat ↗Nov 12, 4:26 AM ET
• The Straits Times ↗Nov 12, 2:38 AM ET

This summary was written automatically from the reporting linked above; follow the sources for the full story. How One Turn works.

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