Austria Eyes €2 Billion in Budget Cuts With Risk From ‘Dumb War’

Speculation is underway about who will succeed Christine Lagarde as European Central Bank president when her term ends at the end of next year. The story is primarily political/succession-driven; any market impact would hinge on frontrunners' policy stances and could influence rate expectations and the euro, but there are no concrete nominations yet and immediate market effects are likely limited.

Analysis

Speculation is underway about who will succeed Christine Lagarde as European Central Bank president when her term ends at the end of next year. The story is primarily political/succession-driven; any market impact would hinge on frontrunners' policy stances and could influence rate expectations and the euro, but there are no concrete nominations yet and immediate market effects are likely limited.