EconomyEuro area

Klaas Knot says he would act in a debt crisis as ECB race nears

Klaas Knot, a contender for European Central Bank president, says he would not hesitate to act in a debt crisis. First EU talks on the race are approaching, and Spain's Pablo de Cos has also spoken.

Illustration: The columned stone front of a central bank building with wide steps, carved in black lines with one emerald accent, seen from far away.
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Klaas Knot, the Dutch central bank governor, is a contender to become president of the European Central Bank. He said he would not hesitate to act if a debt crisis hit.

Spain's Pablo de Cos is also in the race and has spoken out. Both candidates have set out their views as the first EU talks on the succession approach.

The statements matter because the ECB sets interest rates for the euro area and can act when government borrowing costs come under strain. Who leads it shapes decisions that affect loans, savings and prices for households.

GuideEconomic calendar: the data and decisions coming up

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