Waigel says ECB president deal never existed

Former German finance minister Theo Waigel said in an article published in the daily Frankfurter Allgemeine Zeitung Tuesday that no deal ever existed for Wim Duisenberg to stop down half way through his term as president of the ECB to make way for a Frenchman.

Source: Frankfurter Allgemeine Zeitung

There was never a secret deal that European Central Bank President Wim Duisenberg would hand over to Bank of France chief Jean-Claude Trichet mid-term, former German Finance Minister Theo Waigel said

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