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Europe Daily Bulletin No. 10356
Contents Publication in full By article 15 / 40
GENERAL NEWS / (eu) eu/ecofin

Matolcsy says ECB will find it tough to replace TricHet

Gödöllõ, 11/04/2011 (Agence Europe) - Hungary's finance minister, György Matolcsy, said recently that it would be difficult for the European Central Bank (ECB) to find somebody to replace its head, Jean-Claude Trichet, whose term of office ends shortly. He said he didn't think it was the Hungarian Presidency's job to select a new ECB chief because Hungary is not in the eurozone. After the withdrawal of the candidacy of the president of the Bundesbank, Axel Weber, the favourite is now the head of Banca d'Italia, Mario Draghi, but the fact that he spent years working for US investment bank Goldman Sachs and his nationality may work against him. The Spanish finance minister, Elena Salgado, said recently that it was very early to make a decision, and would even be rather early at the June 2011 European summit. She said she had not heard any negative comments about Draghi, and described him as one of a number of viable candidates. (M.B./trans.fl)

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