Lagarde Discusses Early ECB Exit to Lead World Economic Forum

Christine Lagarde, current president of the European Central Bank (ECB), has reportedly discussed the possibility of leaving her ECB post early to take over as chair of the World Economic Forum (WEF), according to its founder Klaus Schwab. Schwab, who recently resigned amid allegations which he denies, stated that arrangements, including securing an apartment near WEF headquarters, have been made for Lagarde to assume leadership by early 2027 at the latest, before her ECB term ends in October 2027. The plan, discussed over several years, aims for a smooth leadership transition at the WEF, where Lagarde has been a board member since 2008. However, an ECB spokesperson reaffirmed Lagarde's commitment to completing her term and noted her determination to fulfill her current responsibilities. While Lagarde has expressed some reservations about leaving the ECB early, she reportedly agreed to take on the WEF role on the condition that inflation targets are met under her ECB leadership. This development could trigger a succession race for the ECB presidency if Lagarde accelerates her departure.