STM is open to the president of the ECB, but it can not be Weidman

France and Italy have hinted to Germany that they are open to the president of the European Central Bank (ECB), but the candidate can not be the German central bank president Weidman, the German "Der Spiegel" magazine reported Friday.

"Der Spiegel" magazine pointed out that the representatives of France and Italy have informed the German Finance Minister Schaeuble and other Treasury officials.

Fernando worries that in times of crisis, Wedemman will oppose a flexible and pragmatic monetary policy, but the week suggests that Germany is unlikely to agree with that view. Weidman has long been critical of the European Central Bank's quantitative easing program.

"We have only one qualified candidate, that is, Weidman." The report quoted an unknown source close to the German government.

When asked about the report, German Finance Ministry spokesman Daniel Fehling told Reuters: "These are personnel issues, we do not comment."

When Reuters contacted the French Treasury, the latter was reluctant to comment. But a French government source said there was no such discussion at this stage.

A spokesman for the Italian government said the German Mirror reported "completely incompatible with the facts."

The term of the European Central Bank President Draghi will end in late 2019.

 

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