Friday, May 27, 2011

GERMANY - Succession to the ECB: Berlin balks and dithers

The inside pages of the popular German newspaper published a picture of Italy's Mario Draghi, wearing a Prussian helmet. "The [future] new head of the European Central Bank (ECB) is also German as that," he quips. Citing government sources, the newspaper said that Angela Merkel would not submit a German candidate to succeed Jean-Claude Trichet.

The Chancery was immediately denied, but the idea does make its way from the withdrawal of Axel Weber, head of the Bundesbank.

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