Diplomatic fudge will not get best people for ECB

This article considers who will replace Eugenio Domingo Solans on the ECB's Executive Board. His successor must be chosen on the basis of competence only, it says, but warns that "horse trading" could be a more important factor in the choice.

First published in the UK edition of the Financial Times, 10 February 2004 by Francesco Giavazzi and Charles Wyplosz. Francesco Giavazzi is professor of economics at Bocconi University, Milan. Charles Wyplosz is professor of economics at the Graduate

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