Germany´s Asmussen propsed as successor of ECB´s Juergen Stark

Discussion in 'Wall St. News' started by ASusilovic, Sep 10, 2011.

  1. 10/09/2011
    Strong follow-up
    Schäuble suggests Asmussen before ECB chief economist
    Staatssekretär Asmussen: Treuer Diener Schäubles
    Zur Großansicht

    Secretary Asmussen: Shaker servant Schäuble

    It's official: Jörg Asmussen, State Secretary, Federal Ministry of Finance, will succeed Jürgen Stark as chief economist of the European Central Bank. This proposal was Wolfgang Schäuble the euro group chief Jean-Claude Juncker presented.

    Marseille - His name was traded shortly after the resignation announcement by Jürgen Stark as chief economist of the European Central Bank (ECB) at its hottest: Jörg Asmussen , Secretary of the Treasury. Now Finance Minister Wolfgang Schäuble (CDU) has confirmed: Germany recommends Asmussen as Strong's successor at the ECB.

    Schäuble said on Saturday in Marseilles, this staff proposal he had submitted €-group president Jean-Claude Juncker. The inauguration was to be completed by year end.

    Asmussen was willing to assume the position on the Governing Board and assured them he would do everything possible to ensure the stability of the euro-zone. The European monetary authorities had announced on Friday, Stark resign for personal reasons . It is after the abandonment of the former Bundesbank chief Axel Weber was the second resignation of a German member of the Governing Council.

    The top leadership of the Central Bank is at loggerheads because of the support for euro countries . In particular, the purchase of government bonds of over-indebted countries will be debated hotly. Weber and Stark were regarded as staunch opponents of this measure.

    Asmussen has studied economics in Bonn, Axel Weber. Secretary of the Treasury as he moves quietly for years, but effectively and successfully with the threads. 2008 Asmussen was the man behind Finance Minister Peer Steinbrueck, who had to put together relief packages for the German banks. As Schäuble took over the ministry, he held on to Asmussen - despite the SPD membership, and despite protests from the ranks of the CDU and the FDP (an overview of Asmussen's career see here ).

    He was to start the job in the Governing Council, Asmussen, where it meets an old acquaintance: Bundesbank President Jens Weidmann, who was succeeded in May by Weber. Both had worked closely together in Berlin, as Weidmann was economic adviser to Chancellor Angela Merkel.,00.html&hl=en&biw=1920&bih=963&prmd=ivns
  2. Germany will be made to "see the light" and join in the raft-over-the-falls.

    This new guy -- how much time did he spend in Chicago?