ECB staff raise stability concerns about rumours of Lagarde's early departure

In a letter seen by Euronews, European Central Bank staff members have questioned the institution’s stability in the face of rumours of the early departures of its president, Christine Lagarde, and board member Isabel Schnabel.The staff calls the board to provide "appropriate clarity regarding potential leadership transitions", as discussions of major departures can affect both monetary policy and ECB internal reforms."We do not take a position on the accuracy of these reports, nor do we question the right of any individual to consider future professional or public responsibilities," the staff members write, referring to press coverage of the rumours.