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Eurogroup chair backs Italian banker for ECB job
Date 30/04/2011 05:35  Author webmaster  Hits 1018  Language Global
30 APR 2011

By Leigh Phillips

EUOBSERVER / BRUSSELS - Ex-Goldman Sachs advisor Mario Draghi is one step closer to winning the presidency of the European Central Bank, with Jean-Claude Juncker, the Luxembourgish prime minister and chair of the Eurogroup of states, giving his endorsement on Thursday.

"I don't see any notable differences between what the president of the republic [Sarkozy] said and what I think," Juncker told journalists after a meeting with French Prime Minister Francois Fillon.

If he nabs the job, 63-year-old Draghi will be the third man to hold the position as chief of the bank, the Frankfurt-based institution that administers the eurozone's monetary policy. He would replace Frenchman Jean-Claude Trichet, whose eight-year term expires this year.

Juncker's approval comes on the heals of France's signal of support on Tuesday, when President Nicolas Sarkozy said he would be "very happy" were Draghi to head the bank.

He went on to hint that Germany's backing in in the offing as well.

"We will probably be able to make sure that France and Germany won't distance themselves from each other," he added.

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