After the Financial Times it was the turn of the Wall Street Journal. "Dragons would be a good candidate for the succession to leadership of the ECB Trichet wing, if it were not Italian. " The financial newspaper has dedicated two articles yesterday in the race for the Eurotower. Under the title "Dragon does not convince the Germans he is Italian," stresses "the power of veto" of Germany in choosing the next president and recalls the difficulties of Chancellor Angela Merkel who "does not want to unleash the fury of popular riding the single currency someone who comes from a Mediterranean country in debt. " The prejudice that prevails in Germany is that the countries of Northern Europe are more attentive to the rigor of the accounts while the South would have a more marked propensity to debt. Added to this is that Italy carries the spot of the country "unruly" with a high public debt and uncontrolled escape. The Wall Street Journal says that while "the German economists say it is unfair to download Dragons history of poor fiscal discipline in Italy, in the public debate in Germany, which has often emotional tones, his resume has less than the reputation of Italy '. Weigh In addition, there is the fact that the vice president of the ECB is a banker of a country in southern Europe, the Portuguese Constancio, it had taken just from Merkel. A tacit tradition then wants a vice president of Southern Europe there is a president from one country to the north. The WSJ has the same number interviewed Nout Wellink, President of the Dutch central bank, which officially enters race in recalling his experience at international level, saying he was looking for "future development" a high level. A strong candidate on which, however, lies the fact that the only two presidents have had from the ECB in its history, was in fact a Dutch. The choice of the new president of the ECB is the most important appointment in the last decades of life of European institutions, because it is a political declaration on the will and capacity of the Euroland countries to resolve the crisis. In recent days to block the voices of a barrage German Dragons just because Italian is spoken German government spokesman said that Trichet's successor will be chosen according to the passport. A clarification but is far from an endowment. The Financial Times in an editorial a few weeks ago I wrote that "the best thing would be that Merkel did the Dragons their candidate, while the worst would be a long hard fight, ended with the appointment of a third candidate. A real disaster for the euro zone.
Source: www.iltempo.it
Source: www.iltempo.it
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