The report says that Ursula von der Leyen has won the backing of her German centre-right party to put her in the running for a second term as European Commission president. This does confirm that she is seeking another term at the helm at least. For some context, the typical term length is five years. As such, the spot is up for grabs this year as von der Leyen has been in charge since 2019.

This article was written by Justin Low at www.forexlive.com.