Earlier than expected: European Central Bank President Christine Lagarde resigns from her post

European Central Bank President Christine Lagarde has announced her resignation this coming February, nine months ahead of schedule. She is expected to be appointed Chair of the World Economic Forum. According to assessments, the early resignation is intended to allow French President Macron to decide on her successor before Le Pen takes office.

European Central Bank President Christine Lagarde has announced her resignation from the post this coming February, nine months ahead of the planned date. Lagarde is expected to be appointed Chair of the World Economic Forum, which is responsible for the annual gathering in Davos. According to assessments, she is resigning earlier than expected in order to give French President Emmanuel Macron the ability to decide on the identity of her successor, before Marine Le Pen, the leading candidate for the next French presidency, begins her term. The article does not cite an official source or quote supporting this assessment.