Lagarde’s bandages due to a ‘little skin cancer,’ not ‘kick-boxing in Thailand’

FRANKFURT — Christine Lagarde’s announcement that she will leave the European Central Bank in February quickly drew attention to more than her departure date: the two bandages on her face visible in a video statement she posted.

They prompted speculation on social media, which Lagarde addressed in a follow-up post. She said they were from a “small surgery” earlier in the week and urged people to follow medical advice and get their skin checked regularly.

In a separate internal video message to all ECB staff, seen by POLITICO, Lagarde offered a little more humor and detail: “I know I look funny. This is not kick-boxing in Thailand,” she said after attending the International Monetary Fund annual meetings in Bangkok earlier this month. “It is just a little skin cancer that had to go.”

The ECB declined to comment and referred to Lagarde’s earlier statement.

Earlier Thursday, Lagarde, who is 70, ended months of speculation about her future role, saying that she will step down on Feb. 7 ahead of her term officially ending in October next year.

The ECB did not reveal what Lagarde’s immediate plans are, however she has previously hinted she may want to weigh in on France’s 2027 presidential race.

An official familiar with Lagarde's thinking, granted anonymity to discuss a sensitive matter, said she made her move almost a full year before the end of her term, to have “greater freedom to express her views and to engage in non-monetary matters, because she cannot remain neutral when she sees the developments taking place in her own country and in the world.”