ECB: Successor to Lagarde: Netherlands nominates ex-central bank chief Knot for ECB chief post

Amsterdam. The Netherlands is sending former central bank chief Klaas Knot into the race to succeed ECB chief Christine Lagarde.

The Dutch government said on Wednesday that it had nominated Knot for the top job at the European Central Bank. The euro countries should nominate candidates by Friday. The finance ministers of the euro countries then want to review the nominations at a meeting on November 9th.

ECB President Lagarde announced last week that she would step down in February, eight months before the regular end of her term in office. Her successor will be appointed by the EU countries based on a recommendation from the Euro states. The Dutchman Knot is considered one of the favorites for the ECB chief post alongside the former Spanish central bank chief Pablo Hernandez de Cos.