After months of squabble over monetary policies between Germany and the European Central Bank (ECB), German officials added more tension on Monday that further underscore the country’s disagreement with current ECB President Mario Draghi.
“The next ECB chief must be a German who feels bound to the German Bundesbank’s tradition of monetary stability,” said Hans-Peter Friedrich, former interior minister and current representative of the Christian Social Union (CSU).
CSU spokesman Hans-Peter Uhl backed Friedrich’s sentiment, adding that a German financial specialist should lead the ECB. Draghi’s term will end in 2019.
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