Mersch at ECB Would Back German Criticism, Sueddeutsche Says
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Yves Mersch is the top candidate to succeed Jose Manuel Gonzalez-Paramo on the management board of the European Central Bank, as he is backed by Germany, France, and smaller European nations including Finland, Austria, and the Netherlands, Sueddeutsche Zeitung said, without saying where it got the information.
Naming Mersch to the post would mean backing for criticism voiced by Bundesbank chief Jens Weidmann that the ECB too carelessly handed hundreds of billions of euros to ailing nations while accepting dubious guarantees in return, the newspaper said.