Merkel reportedly will back Italy's Draghi as ECB president

04/29/2011 | Wall Street Journal, The

German Chancellor Angela Merkel is poised to endorse Bank of Italy Governor Mario Draghi as successor to European Central Bank President Jean-Claude Trichet, sources said. Merkel's support is essential and is seen as making Draghi's elevation a virtual certainty. Leaders from France, Spain and other nations already pledged support for Draghi.

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Wall Street Journal, The

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