Via Google Translate, please consider The European finance ministers on Monday elected as president of the ECB Draghi
Economic ministers of the eurozone on Monday to elect the current governor of the Bank of Italy, Mario Draghi as the new chairman of the Central Bank (ECB) to replace Jean-Claude Trichet when his term expires on October 31, 2011, as have European sources reported.For those who can read Spanish, here is the original link: Los ministros de Econom�a europeos elegir�n este lunes a Draghi como presidente del BCE
Draghi formal appointment will be made at the summit of European leaders held on 23 and 24 June after consulting the European Parliament.
German Chancellor Angela Merkel, has sought alternatives to the last moment for fear that their voters will not accept a candidate from Italy, where inflation seen at the head of the European monetary authority.
But French President Nicolas Sarkozy, chose to support the election for the first time publicly Draghi on 26 April, after the Italian gave a series of interviews in various media in Europe displaying their anti-inflation credentials. Merkel cedi� y dijo el pasado 11 de mayo que respaldar� al italiano por considerarlo "muy cercano a nuestras ideas de estabilidad y solidez de la pol�tica econ�mica". Merkel relented and said May 11 that Italy's support for being "very close to our ideas of stability and soundness of economic policy."
All we need now to complete the picture is for an ex-Goldman employee to run for president of the United States and for another ex-Goldman employee to replace Bernanke at the Fed.
Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
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