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Christine Lagarde, the President of the European Central Bank, announced her resignation effective February 7, 2027, nearly nine months before her term ends. The European Council will begin the process of selecting her successor immediately. Speculation about her departure has circulated for months, with reports suggesting she may take on a role at the World Economic Forum. Historically, successful candidates for the ECB presidency require support from both Germany and France. Lagarde's current term officially concludes on October 31, 2027, and she previously served as the Managing Director of the IMF and as France's Finance Minister.