Sunday, February 20, 2011

Sapphire On I Love Money

CORNER: ECB, Dragons in pink, but there are mountains

Written by The Fact's Daily 20/02/2011

There is an Italian leading the most important European race this year: the opponent who preceded him, and that hath been suddenly seemed unassailable stepped aside, and now the road may be declining, but the French, to try to win, never give up, throw nails on the path of his rival, as they did in the Tour when Coppi, Bartali, or were in yellow. So, Governor of the Bank wanted European Central Bank euro: the mandate of Jean-Claude Trichet, French, is about to expire, and the governor of the Bundesbank Axel Weber, generally considered the favorite, has left the scene in a flash. A word too many, a contrast with Merkel, the departure point and head. So, Mario Draghi became the tread, with the blessing of the British, who have nothing to do, but they say the (FT, Dragons can drive the euro-zone out of danger, and Economist) and even the Americans (WSJ, WP, etc.), who like it as president of the Financial Stability Board. And he, Dragons, is a good move applauded by Germany in an interview with FAZ: in other words, the ECB there will be one of them, but one who think like them, so there is no need to look for an alternative to Weber in Germany. But here's the catch Les Echos pulls out, in an editorial by Jean-Marc Vittori, entitled "The infernal triangle of Trichet's succession:" The criterion of at least one from 'the South' in one of two key posts of ECB Draghi could remove, because there is already vice president of Portugal. And no other hypothetical applicants meet all requirements, except that-looks a bit ', ed-not to find another Frenchman, perhaps a returnee from the United States ", as Olivier Blanchard, an economist at MIT in Boston, or Dominique Strauss Khan, chairman of the IMF. It seems that DSK will actually return, but more than in Frankfurt, he would like to install the Elysee.

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