FRANKFURT (MNI) – The German government is eyeing European Central
Bank chief economist Juergen Stark to take over the reins at the
Bundesbank should current Bundesbank head Axel Weber succeed ECB
President Jean-Claude Trichet when the latter’s term expires in November
of next year, according to a newspaper report published Monday.
Were Weber to become the new ECB head, “Stark would need to retire
from the [European] Central bank,” a cabinet member told German daily
Handelsblatt. “A change to the head of the Bundesbank is the best
solution,” the cabinet member added.
Stark already served a tenure as interim president of the
Bundesbank in 2004, following the resignation of Ernst Welteke. He was
Vice President of the Bundesbank from 1998-2006.
–Frankfurt bureau; +49-69-720142; frankfurt@marketnews.com
[TOPICS: M$$EC$,M$X$$$,M$G$$$,MGX$$$,M$$CR$]
