Weidmann Is a Suitable Candidate to Succeed Draghi, Juncker Says
(Bloomberg) -- Go inside the global economy with Stephanie Flanders in her new podcast, Stephanomics. Subscribe via Pocket Cast or iTunes.
Jens Weidmann is a suitable candidate to succeed European Central Bank chief Mario Draghi, according to European Commission President Jean-Claude Juncker.
The Bundesbank president is “a convinced European and an experienced central banker,” Juncker told the German newspaper Handelsblatt's Friday edition. “I like Jens Weidmann.”
Juncker stopped short of endorsing the German for the ECB job, and in any case won't have a role in deciding on the matter. European Union leaders will select a successor to Draghi after the European Parliament elections, in a process of political bargaining that will also determine a new commission president.
Still, the remarks by Juncker, a former prime minister of Luxembourg and a longtime head of the group of euro-area finance ministers, stand out at a time when the prospect of a German candidate for the ECB has sparked aversion elsewhere. That's because of Weidmann's role, popular in his home country, in opposing key policies pushed by Draghi.
“It certainly wouldn't be a problem for me if a German became president of the ECB or the EU Commission,” Juncker said. “I don't share the opinion heard in some parts of southern Europe that a German shouldn't be allowed to become ECB president.”
| Read more: |
--With assistance from Carolynn Look and William Wilkes.
To contact the reporter on this story: Craig Stirling in Frankfurt at cstirling1@bloomberg.net
To contact the editors responsible for this story: Paul Gordon at pgordon6@bloomberg.net, Catherine Bosley
©2019 Bloomberg L.P.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
