Spain and the Netherlands propose candidates to succeed Lagarde as president of the ECB

Spain and the Netherlands have nominated candidates to succeed Christine Lagarde as president of the European Central Bank. Pablo Hernández de Cos from Spain and Klaas Knot from the Netherlands are the nominees. The Eurogroup president, Kyriakos Pierrakakis, announced the nominations after the deadline for submissions. Hernández de Cos is a former governor of the Bank of Spain, while Knot has led the Dutch central bank. The Eurogroup will discuss these nominations in their upcoming meeting on November 9, but no decision on the successor is expected at that time.