France's preference for De Cos paves the way for his presidency of the ECB

Pablo Hernández de Cos is gaining support for the presidency of the European Central Bank, with France backing his candidacy. This support, along with votes from Italy, Greece, and Portugal, positions him favorably against Klaas Knot. Negotiations are ongoing to fill key positions at the ECB, including Lagarde's successor and other executive roles. French President Emmanuel Macron and German Chancellor Friedrich Merz will discuss these matters at a summit in Dublin. The negotiations may lead to a German candidate for a significant position while France aims to secure Schnabel's role.