Talk to succeed Mario Draghi: CSU calls German central banker – Tagesspiegel

The next head of the European Central Bank is projected CSU politicians come from Germany. The policy of the current President Mario Draghi have led to a massive loss of credibility of the ECB, the CSU politician and Union Group Vice, Hans-Peter Friedrich, the “image” (Monday edition) said. After the end of Draghi’s tenure in 2019 had “the next ECB president be a German who feels the tradition of monetary stability of the German Bundesbank committed”, the newspaper quoted Friedrich. The CSU politician Hans-Peter Uhl said the same sheet: “Another Draghi we can not afford.” At the head of the ECB, a German financial specialist is necessary. Even the Bavarian Finance Minister Markus Söder said already advocated that the next ECB president should come from Germany. The ECB need to change direction and more German handwriting, he told the “Bild am Sonntag”.

In Germany most recently, criticism of the ECB and a native of Italy Draghi because of the ultra-loose monetary policy and to feared consequences become louder. The ECB had early March the interest rate reduced to zero percent and the penalty rate for banks to park their money with the central bank tightened. Thus, the ECB wants to boost the weak growing economy in the euro area and drive the persistently low inflation upwards. But they encountered with savers and in the monetary sector on increasing resistance.