European Central Bank presidential hopeful Olli Rehn spelled out the challenges ...
HELSINKI - European Central Bank presidential hopeful Olli Rehn spelled out the challenges facing Mario Draghi’s successor in an interview published on Saturday, but declined to comment on the process.The ECB rate setter and Bank of Finland chief has been tipped as a potential successor to Draghi when the ECB president leaves on Oct. 31, but the process is steeped in secrecy.
Replacing Draghi, who famously pledged in 2012 to do “whatever it takes” to save the euro, has left markets anxiously awaiting news of his successor. Rehn’s previous posts include Finnish minister for economic affairs as well as a decade working as a European commissioner overseeing the bloc’s enlargement as well as economic policy.
When asked who was the most likely to win, well over a third named Liikanen, with the remainder almost equally split between Coeure, Rehn, French central bank chief Francois Villeroy de Galhau and Bundesbank chief Jens Weidmann.
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