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The European Central Bank is again facing questions about whether it might help shore up France's bond market after yields soared to more than two-decade highs.Persistently high deficits and debt, now among the highest in the euro zone as a percentage of GDP, mean investors are demanding an increas…
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.