ECB President Lagarde stated that she will complete her term in 2027 and is against the French presidential candidacy

The interview given by European Central Bank (ECB) President Christine Lagarde to the French newspaper La Croix was published on the Bank's official website.

ECB President Christine Lagarde stated that it was "not a good idea" for her to be a candidate in the 2027 presidential elections in France, and stated that if she left her position at the Bank early, it would be limited to only a few months.

Lagarde, whose 8-year term will expire in October 2027, clarified speculations that she may resign from the Bank earlier.

Emphasizing that she did not exclude the possibility of leaving a few months before the end of her term, Lagarde said, "But I have not announced anything concrete yet. One thing is certain; I will still be here in 2027. Therefore, even if I resign early, it will only be for a few months and it will not turn the world upside down." made his assessment.

Regarding her candidacy for the presidency, Lagarde said, "This would definitely not be a good idea. First of all, there is the issue of vitality, energy and power. Moreover, such a commitment requires an inevitable sense of sacrifice. Moreover, I am 70 years old." he said.

"FRANCE IS IN A DANGEROUS FINANCIAL SITUATION"

Evaluating France's current economic situation, Lagarde emphasized that the country is in a dangerous financial situation.

"If your debt is approaching 120 percent of gross domestic product (GDP) without a clear route to contain its growth, this is a serious problem. A credible road map, collective determination and reforms are needed to restore confidence," Lagarde said. he warned.

The ECB President stated that France should reduce bureaucracy, deepen labor market reforms and address the pension system, which is under pressure due to increasing life expectancy.

"THE EUROPEAN FINANCIAL SYSTEM IS MUCH MORE DURABLE"

Drawing a more optimistic picture about the robustness of the European financial system, Lagarde said, "We are neither in 2008 nor in 2011; the European financial system is now much more resilient." he said.

Lagarde noted that countries such as Greece, Portugal and Ireland, which have gone through very painful crises in the past, have put their public finances in order and have since generally returned to above-average growth.