Trichet Succession: The Austrian Nowotny Has Chances As Outsider

People ♦ Published: November 5, 2010; 11:10 ♦ (Vindobona)

The European Central Bank (ECB) will appoint a new president in November 2011. The favorites are the German Axel Weber and the Italian Mario Draghi. But Nowotny has outsider chances.

Trichet Succession: The Austrian Nowotny Has Chances As Outsider / Picture: © Agenda Austria 2020

The contract of the President of the ECB will expire at the end of October, and therefore a successor must be found soon for Jean-Claude Trichet found. Until recently there were assumptions that the German Bundesbank boss, Axel Weber, would take over the post. However these rumors have recently lost credibility, because of such reasons as the sometimes extreme positions of the…

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