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The story so far · 5 days, October 29 to November 12, 2026
One Turn followed this story across 5 editions, from Frankfurt, Germany on October 29, 2026. Newest first.
Lagarde's term as ECB president is ending.
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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.
Sources: Asharq Al-Awsat, The Straits Times · See it on the globe
Christine Lagarde's early exit set a tight timeline. France may back Pablo Hernandez de Cos over Klaas Knot.
Why it matters: The ECB sets rates for the euro area.
Sources: DW, Le Monde · See it on the globe
A Dutchman and a Spaniard are the only candidates before the deadline. A surprise contender could appear, as Lagarde did in 2019.
Why it matters: The ECB sets interest rates for the euro area.
Sources: Japan Times · See it on the globe
Christine Lagarde will step down as ECB president in February, months before her term ends. Officials announced it Thursday. A race to find a successor has begun.
Why it matters: The next ECB head will steer interest rates for about 20 euro-area countries.
Sources: RFI, Reuters via Wikipedia · See it on the globe
Christine Lagarde said she will leave the European Central Bank on Feb. 7, 2027, about nine months early. She said she wants freedom to speak on world events. The ECB held rates at 2.5%.
Why it matters: The next head of the euro area's central bank will steer rates for 20 countries.
Sources: Japan Times, The Guardian, CNBC · See it on the globe