It is not certain the next ECB chief will be Germany's Weidmann - Italy minister
Reuters
Published Feb 21, 2018 09:36
It is not certain the next ECB chief will be Germany's Weidmann - Italy minister
ROME (Reuters) - Italian Economy Minister Pier Carlo Padoan said on Wednesday that it should not be taken for granted that Germany's Jens Weidmann will be the next European Central Bank governor.
The choice of a southern European, Spain's Economy Minister Luis de Guindos, as ECB vice president on Monday was seen as a move that cleared the way for a German to take over the top job in 2019, when Mario Draghi's mandate ends.
When asked in a TV interview if it was a given that Weidmann would be the next ECB chief, Padoan replied: "No."
"Italy would like to see the policy that turned out to be essential for saving the single currency continued," he said in an interview with La7 television.
"We should always be grateful to Mario Draghi because the great political courage behind his decisions saved the currency. If he had followed the mechanical rules that others sought, it wouldn't have happened."
Get The App
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.