His term does not expire for another two years, but already Italy has put forward its central bank chief Draghi is a candidate. (Though the Italian foreign minister is now denying he has nominated Draghi.
So far in the ECB’s history we have had a Dutchman and a Frenchman. Seems like enough time has passed since the introduction of the euro and the fouding of the ECB to put a German in the top spot without making the ECB feel too much like a wholly-owned Bundesbank subsidiary. So far, the Germans refuse to comment, on the record…
