European Central Bank head resigns, allowing EU leaders to choose successor before French election

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European Central Bank President Christine Lagarde will resign nine months before the end of her term, a move that opens the way for European leaders to choose a successor ahead of France’s presidential election next year. (AP production/Philipp Jenne)

By DAVID MCHUGH

Updated 11:42 PM EDT, October 29, 2026

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FRANKFURT, Germany (AP) — European Central Bank President Christine Lagarde will resign nine months before the end of her term, a move that opens the way for European leaders to choose a successor ahead of France’s presidential election next year.

Lagarde, 70, will leave Feb. 7, the ECB said Thursday. Her eight-year term was to end Oct.…