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Merkel Will Push for Weidmann as ECB President, Spiegel Says

  • Merkel, Schaeuble said to argue it’s Germany’s turn at ECB
  • Government, Bundesbank spokesmen say any debate is premature
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Angela Merkel and Wolfgang Schaeuble want to install a German at the head of the European Central Bank when Mario Draghi’s term expires in 2 1/2 years, according to Spiegel magazine.

The chancellor and her finance minister are set to push for Bundesbank President Jens Weidmann to become the fourth guardian of the single currency, arguing it’s finally Germany’s turn after the Netherlands, France and Italy, Spiegel reported, without saying where it got the information. Weidmann is willing to accept the post if it were to be offered to him, according to the pre-release of an article published Friday.