Home/Central banks/FX

France Backs Weber In Race For ECB Presidency

Share Print 0

France has promised the German government that it will support Bundesbank President Axel Weber in the race to succeed Jean-Claude Trichet at the helm of the European Central Bank, German weekly Der Spiegel reported Friday in a pre-release of its weekend edition.

Weber’s ascension to the job would be compensation to Germany for not getting — or bidding for — any of the new top jobs created under the Lisbon Treaty, the magazine cited unnamed European diplomats as saying.

The next Vice President of the ECB will likely be the Portuguese central bank governor Vitor Constancio, Der Spiegel wrote, a sentiment echoed in other press reports recently.

IMN

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza

@alfonso_forex

,
Back to Top