France has promised the German government that it will support Bundesbank President Axel Weber in the race to succeed Jean-Claude Trichet at the helm of the European Central Bank, German weekly Der Spiegel reported Friday in a pre-release of its weekend edition.
Weber’s ascension to the job would be compensation to Germany for not getting — or bidding for — any of the new top jobs created under the Lisbon Treaty, the magazine cited unnamed European diplomats as saying.
The next Vice President of the ECB will likely be the Portuguese central bank governor Vitor Constancio, Der Spiegel wrote, a sentiment echoed in other press reports recently.
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