Horsetrading Over ECB Presidency Merkel to Demand Concessions for Backing Sarkozy's Choice

France has thrown its weight behind Mario Draghi as the new head of the European Central Bank, but now the real political maneuvering begins. The German government is likely to support the Italian candidate, but not without demanding concessions in return, possibly including amendments to the euro rescue fund.
Outgoing ECB President Jean-Claude Trichet (left) and his possible successor Mario Draghi.

Outgoing ECB President Jean-Claude Trichet (left) and his possible successor Mario Draghi.

TIZIANA FABI/ AFP