Economics
Austria Is Said to Drop Demand for ECB Seat in Boost to Lane
- Loeger’s plan scuppered by prospect of jostling for EU jobs
- Ministers will soon start selecting successor to ECB’s Praet
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Austria has dropped its plan to propose a new member of the European Central Bank’s Executive Board as it doesn’t see a suitable spot amid the impending reshuffle of European positions, according to people familiar with the situation.
While Finance Minister Hartwig Loeger said in September that he was “ready” to put forward an Austrian for an upcoming seat at the ECB’s top table, the complex jostling likely to ensue among countries for key roles makes a successful outcome unrealistic, said the people. They asked not to be identified because the considerations are private.