-
ECB hawk Weidmann sees chances dim of succeeding Draghi
Germany’s Jens Weidmann is seeing his prospects of becoming European Central Bank president fade, amid signs that trade issues handled in Brussels are eclipsing Berlin’s concerns about securing its man to steer monetary policy. Chancellor Angela Merkel is focusing on winning the European Commission presidency for a German rather than backing Bundesbank chief Weidmann to succeed Mario Draghi, German business daily Handelsblatt reported on Wednesday. She might have her work cut out either way. Both jobs come up next year. Weidmann has a strong central banking profile but has antagonized much of southern Europe. ... (full story)