[ECB President Candidate Noether: Does not rule out designing new tools to deal with future crises] On November 9, Klaas Noether, one of the two candidates to be the next president of the European Central Bank, told the Financial Times that if he can get the job, he is willing to develop some new tools that may be crucial in dealing with the European debt crisis. Nott said he was ready to use the ECB's existing crisis response tools, including bond purchases. "We will not hesitate to intervene if the situation requires it." The 59-year-old Dutchman, who served as governor of the Dutch Central Bank from 2011 to 2025, was formally nominated by the Netherlands on Friday to succeed Lagarde, who will leave the European Central Bank in early February. Knott did not rule out the possibility of developing more tools to deal with crises in the future. He said that if the next crisis is "different in nature" from the previous crisis that prompted the creation of existing tools, "I would not even rule out that we will design another more targeted tool."