Next ECB head may not be French says Italy's Tanzi

ITALY - Wim Duisenberg's successor as president of the European Central Bank may not necessarily be French. That is the belief of Italy's Treasury undersecretary Vito Tanzi who spoke to Italian daily La Repubblica on Saturday.

Central Banking staff
31 Jul 2002

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

"If European ministers stopped considering Trichet as a candidate, it is clear that they could choose a new one, even Italian, for the ECB presidency. Italy has very skilled professionals, with high international visibility," Tanzi is quoted as saying in the newspaper.

He did however concede that at the moment, Bank of France governor Jean-Claude Trichet is still the "only candidate" to Duisenberg's succession.

The latest reports suggest Trichet's trial is set to begin in January 2003 and conclude sometime in February. The start date is earlier than expected and may provide Trichet with time to take the ECB's top job. Some talk suggests that even if Trichet is found guilty he could receive a pardon from the French government.

Tanzi commented that "If he (Trichet) continued to have problems, then other candidates could emerge....in that case, also Italian candidates could be considered."

He also added that "there is always a possibility that some sort of discussion about this has already taken place among the (economics) ministers.

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to print this content. Please contact [email protected] to find out more.

You are currently unable to copy this content. Please contact [email protected] to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

You are currently on corporate access.