Joachim Nagel’s Bid for ECB Presidency Gains Momentum in Berlin

According to informed sources, a potential candidacy by Bundesbank President Joachim Nagel for the top post at the European Central Bank is being discussed in coalition talks in Berlin, after current ECB President Christine Lagarde fueled speculation about an early resignation. Finance Minister Lars Klingbeil supports Nagel, who, like himself, is a Social Democrat. Chancellor Friedrich Merz, who has recently been focused on reshuffling his government, has not yet taken a position on the matter…