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08.07.2019 17:58

EU working to get European candidate to replace Lagarde at IMF, official says

The EU wants to have an agreed European candidate to replace Christine Lagarde at the helm of the International Monetary Fund, a senior EU official said on Monday.

“There is a strong urge among European countries to come with one candidate,” the official said on condition of anonymity before a meeting of euro zone finance ministers on Monday.

The official said the president of the Eurogroup, Mario Centeno, was among those working on this, together with Finland, which currently holds the EU’s rotating presidency.

One official said some EU countries wanted a candidate somebody from an EU member state, an option that could rule out British candidates, as Britain is due to leave the EU at the end of October.

Bank of England governor Mark Carney has been mentioned in media reports as one of Europe’s possible candidates.


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