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Reuters explains the likely succession process as the euro zone prepares to choose a new ECB president next year and fill up to two-thirds of the six-member executive board. It says Isabel Schnabel is leaving for the IMF, Philip Lane's term ends on May 31 and Christine Lagarde's term runs until October 31, 2027.
The euro zone will choose a new European Central Bank president next year and replace up to two-thirds of the bank's six-member executive board in an intricate game of political chess among the bloc's 21 countries.The following explains who gets replaced, how and why this matters for the euro zone'…