“Draghi de la BCE” … desparte Parisul de Roma

Posted: June 23, 2011 in Burse, Politica si politici
Tags: , , , , , , , , ,

France and Italy are locked in a dispute over the future leadership of the European Central Bank that cast doubt over Friday’s planned confirmation of Mario Draghi as its president.
France is alarmed bec­ause Mr Draghi’s appointment to succeed Jean-Claude Trichet, a former French central bank governor, would mean Italy had two executives on the board – but France would have none. EU officials said France was unlikely to block the appointm

Source: http://www.ft.com/intl/cms/s/0/f7103bbc-9d08-11e0-8678-00144feabdc0.html#axzz1PwDBzkhq

Senior French officials on Wednesday denied that the ECB job was on the summit’s agenda. Mr Draghi’s appointment could be delayed if French demands are not met for a French representative on the ECB’s six-man ­executive board.

France is alarmed bec­ause Mr Draghi’s appointment to succeed Jean-Claude Trichet, a former French central bank governor, would mean Italy had two executives on the board – but France would have none. EU officials said France was unlikely to block the appointment and French diplomats said Paris supported Mr Draghi’s nomination.

But the standoff raises fresh questions about political leadership in the eurozone at a time when the Greek debt crisis has already undermined investors’ confidence in Europe’s 12-year-old monetary union.

Under Mr Trichet, the ECB has played a decisive role in propping up the banking system in Greece – as well as in Portugal and Ireland – and confusion over its future leadership would add to financial market nervousness.

French officials said it was up to Rome to find an alternative job for Lorenzo Bini Smaghi, an Italian who has been on the ECB executive board since 2005. For the ECB, however, the dispute has become one of principle.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s