Skip to content
Subscriber Only

Draghi Doing ECB's Dirty Work Could Ease Weidmann's Path to Top

  • Former ECB official Papadia comments in Bloomberg TV interview
  • Says bond-buying should end this year, allowing rates to rise
Video player cover image

‘Draghi has done the dirty work, so to say,’ says Francesco Papadia

Mario Draghi will probably end the European Central Bank’s bond-buying program this year, and that could boost Jens Weidmann’s chances of succeeding him as president, according to a former ECB official.

“Draghi has done the dirty work, so to say,” Francesco Papadia, who ran the ECB’s market operations from 1998 to 2012, said in a Bloomberg TV interview. “So you could think that the new president could come back to some extent toward orthodoxy. And from that point of view, Mr. Weidmann would be the good candidate.”