European Central Bank: contenders to replace Mario Draghi

The head of the European Central Bank, Mario Draghi, will step down later this year after the most turbulent period in the history of the single currency bloc.

Credited as the man who saved the euro in 2012 by declaring he would do “whatever it takes” to preserve the single currency amid the sovereign debt crisis, replacing the Italian in one of the EU’s most powerful jobs comes at a crucial political time for the bloc, with economic growth also faltering across the single currency bloc in the past year.

Germany has never had an ECB president, although Angela Merkel is believed to be pushing for a German head of the EU commission, one of the other top jobs up for grabs, which could have implications in the race to replace Draghi. Read More @


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