www.economica.net/madridul-il-propune-pe-fostul-gu

The Spanish government has nominated former Bank of Spain governor Pablo Hernandez de Cos to succeed Christine Lagarde as President of the European Central Bank. Vice Prime Minister Carlos Cuerpo expressed confidence in Hernandez's leadership and transparency. Eurozone countries must submit candidate proposals by November 6, with nominations discussed at the Eurogroup meeting on November 9. Lagarde announced her resignation effective February 7, 2027, ahead of her term's end. The new ECB president will be chosen based on recommendations from Eurozone countries, with historical precedence indicating the need for German and French support for a successful candidate.