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France and Italy open to German ECB chief, but not Weidmann: Spiegel

Reuters  |  FRANKFURT 

FRANKFURT (Reuters) - France and Italy have signalled to Germany that they are open to a German becoming president of the European Central Bank but not if it is Bundesbank chief Jens Weidmann, Der Spiegel reported on Friday.The German magazine said that representatives from France and Italy had informed German Finance Minister Wolfgang Schaeuble and his officials of their position.Paris and Rome fear Weidmann, a long-time critic of the ECB's quantitative easing programme, would oppose a flexible and pragmatic monetary policy in times of crisis, but Der Spiegel suggested Berlin was unlikely ...

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First Published: Sat, September 16 2017. 00:51 IST
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