Overview

• Financial Times reports that former WEF president Klaus Schwab said Christine Lagarde has discussed leaving the ECB before her term ends in October 2027 to take over the Forum
• Schwab said the discussions span several years and include the reservation of a WEF-owned apartment at Villa Mundi on Lake Geneva for Lagarde’s use
• Lagarde is said to have made any transition conditional on the ECB first achieving its 2 percent medium-term inflation target
• An ECB spokesperson reiterated that Lagarde is determined to complete her full 2027 mandate and dismissed early-departure speculations
• The World Economic Forum said it cannot comment on private discussions and has not formalized any agreement regarding Lagarde’s potential appointment