BERLIN (MNI) - France has promised the German government that it will support Bundesbank President Axel Weber in the race to succeed Jean-Claude Trichet at the helm of the European Central Bank, German weekly Der Spiegel reported Friday in a pre-release of its weekend edition.
Weber's ascension to the job would be compensation to Germany for not getting -- or bidding for -- any of the new top jobs created under the Lisbon Treaty, the magazine cited unnamed European diplomats as saying.
The next Vice President of the ECB will likely be the Portuguese central bank governor Vitor Constancio, Der Spiegel wrote, a sentiment echoed in other press reports recently.
The current ECB Vice President Lucas Papademos is set to step down after May 31 this year. Trichet's term ends November 1, 2011.
A German government spokesman last week said the government won't discuss the Trichet succession right now. "It is too soon for such a discussion," the spokesman declared. "Trichet's mandate only expires next year."
The Italian government, however, earlier this week announced it will back Bank of Italy Governor Mario Draghi as a candidate for the ECB presidency.
Weber's ascension to the job would be compensation to Germany for not getting -- or bidding for -- any of the new top jobs created under the Lisbon Treaty, the magazine cited unnamed European diplomats as saying.
The next Vice President of the ECB will likely be the Portuguese central bank governor Vitor Constancio, Der Spiegel wrote, a sentiment echoed in other press reports recently.
The current ECB Vice President Lucas Papademos is set to step down after May 31 this year. Trichet's term ends November 1, 2011.
A German government spokesman last week said the government won't discuss the Trichet succession right now. "It is too soon for such a discussion," the spokesman declared. "Trichet's mandate only expires next year."
The Italian government, however, earlier this week announced it will back Bank of Italy Governor Mario Draghi as a candidate for the ECB presidency.
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