24 Apr '11, 4am

Germany clears path for 'Super Mario' as ECB chief #ECB #finance #EU

BERLIN - GERMANY appears to be coming round to the idea of a former Goldman Sachs executive from Italy as Europe's top banker, having failed to install its own choice as the next European Central Bank chief. While the official line from Berlin continues to be that it is too early to speculate on who succeeds France's Jean-Claude Trichet at the helm of the ECB, recent leaks suggest Germany could live with Mario Draghi, dubbed 'Super Mario.' Respected business daily Handelsblatt reported this week that German Finance Minister Wolfgang Schaeuble was lobbying behind the scenes for the current Italian central bank chief to take the job when Trichet steps down in October. 'Schaeuble prizes Draghi's good reputation as a central banker, his integrity and his personality,' the newspaper cited an unnamed high-level German government official as saying. On Wednesday, the same newspap...

Full article: http://www.straitstimes.com/BreakingNews/Money/Story/STIS...

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