Reshuffle at the ECB Draghi Walks the Tightrope of National Sensitivities

Chancellor Angela Merkel wanted Jörg Asmussen to be named the chief economist of the European Central Bank. French President Nicolas Sarkozy had a candidate of his own. In the end, bank head Mario Draghi opted for compromise over confrontation and selected a Belgian for the job instead.
Jörg Asmussen was put in charge of the ECB's European and international relations on Tuesday.

Jörg Asmussen was put in charge of the ECB's European and international relations on Tuesday.

Foto: ddp
Translated from the German by Christopher Sultan
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