European Council President Antonio Costa said that Eurozone leaders will meet in Brussels from November 26 to 27 to discuss candidates to succeed ECB president, after Christine Lagarde announced her plans to step down. Lagarde said on Thursday that she plans to step down from office on February 7. Costa said that given the tight schedule, European leaders need to select a successor in December, which means that candidates need to be elected in November. EU leaders are scheduled to meet on this date. The European Parliament and Eurozone finance ministers will also participate in the selection process for the new president.

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