The Dutch central bank may be grooming an internal candidate to replace President Nout Wellink next year even as political pressure mounts for a “culture change” at the 196 year-old institution, officials and academics say.
Following is a timeline of the key steps on the road to the euro currency, from the Bretton Woods conference in 1944 to last week’s agreement to set up a “fiscal compact” among countries using the single currency.
Spain sought to retain its seat on the European Central Bank’s Executive Board, setting up a potential clash with northern countries that want more control over its policies as the debt crisis persists.
When Federal Reserve Chairman Ben S. Bernanke convenes his first press conference next week, he may emphasize a point the markets seem to have forgotten: He’s serious about keeping interest rates low for an "extended period."
The campaign for the top job at the European Central Bank was thrown open as the sudden and unexplained withdrawal of German front-runner Axel Weber cleared the way for a slew of candidates to replace Jean-Claude Trichet .