Costa Says EU Will Start Search for New ECB President Today

European Council President Antonio Costa announced that the search for a new European Central Bank (ECB) president will officially begin today. This comes as Christine Lagarde's tenure is set to end, and the ECB is keen to maintain its monetary policy continuity and stability. The decision is significant as the ECB president has a pivotal role in shaping economic policies across the Eurozone, affecting everything from interest rates to financial regulation. The announcement sets the stage for a high-stakes selection process that will influence the future economic direction of Europe.