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ECB Prize for Germany Might Require Plan B If Weidmann Falters

From bnnbloomberg.ca

If Germany wants one of its nationals to clinch the leadership of the European Central Bank above all else, it might need a backup plan. While Bundesbank chief Jens Weidmann is the country’s assumed candidate vying to succeed President Mario Draghi, his frequent opposition to the Italian’s policies risk making him unpalatable for other countries. So if Chancellor Angela Merkel decides Europe’s biggest economy deserves the job, she may require an alternative name just in case. Her list could include seasoned official Klaus Regling, Weidmann’s deputy Claudia Buch, or another German waiting in the wings. “It’s odd in a ... (full story)

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