
The German chancellor negotiates with his socialist partners the proposal for the position of chief economist of the organization.
AI-generated summary
The process of renewing the leadership of the European Central Bank requires political consensus among member states.
Friedrich Merz wants to accelerate the process of electing the new leadership of the European Central Bank (ECB), and in which Pablo Hernández de Cos is the great favorite to be the new president of the organization. The German chancellor has announced that this weekend he will address a key negotiation with his socialist partners: they will have to agree on who he proposes for the position of chief economist, which is considered the real number 2 of the ECB, and which represents the last remaining step for the entire renewal process to be triggered.
"We are talking very intensively about the appointments at the European Central Bank. There are agreements that are about to be reached, but we have not closed them yet. Therefore, we still need a few more days. And we want to present the German proposal next week. But the talks on this have not concluded yet either. I also have to coordinate with the SPD over the weekend," explained the German chancellor in Dublin, where he will participate in the informal summit of presidents.
AI outlook — possibilities, not facts
Presentation of the German proposal next week.
Likely · Within weeks

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