“There are very good candidates” for the job, Caruana, who sat on the ECB’s governing council when he was governor of the Bank of Spain, told reporters after making a speech in Madrid today. He declined to say who he considers candidates.
Bundesbank President Axel Weber is the favorite to succeed Trichet as the euro region’s top monetary-policy maker, according to Jean Pisani-Ferry, a former European Union adviser who runs the Bruegel Research Institute in Brussels. Trichet’s term at the ECB ends in October.
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