The French solution: France's legal maneuvering to gain the ECB presidency.(European Central Bank candidate Christian Noyer)(Brief Article)

The International Economy | September 1, 2001| | Copyright

France is turning to its top lawyers to see if it can find a legal way out of a potential economic catastrophe: the lack of a French representative on the European Central Bank's ruling council next year.

The legal option has surfaced because France's political campaign to pressure ECB President Wire Duisenberg to step down in 2002 has apparently failed. (See "France's New Reign of Terror" in the July/August 2001 issue of TIE.) Duisenberg, 66, has given no indication that he plans to resign midway through his eight-year term, which runs through 2006. Come next May, ...

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