Bofinger named favourite to replace Issing at ECB

German Chancellor Gerhard Schroeder's government hasn't decided yet who will succeed European Central Bank Chief Economist Otmar Issing when he retires next year, government spokesman Bela Anda said Friday, after reports named Peter Bofinger as a favourite to land the job.

The Financial Times Deutschland newspaper cited unidentified government and central bank officials on Friday as saying Schroeder may propose Peter Bofinger, one of the chancellor's five economic advisers, as a replacement for

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