Trading Blog: TnT Group

Tags �European Central Bank�

Likely Suiter – ECB President

With all of the news that Axel Weber will not become the heir apparent to Jean Claude Trichet there will be continous speculation and rumors of who will take Weber’s spot as the top choice for the European Central Bank’s presidential position. Trichet’s eight year term non renewable tmer will expire this coming October and from what I have read the decision to name his predecessor will come during the Summer months.

It is crucial to begin to learn about the possible candidates now as the rumors will undoubtedly start flying around. Why wouldn’t they? Today, like I said in my webcast, there were rumors of the Saudi King, Abdullah, being dead. Turns out they were just rumors. So if it’s possible for rumors to start about a King being dead then it is not out of the question for the rumor mill to start throwing these gentleman’s names out there sooner than later.

I didn’t go into any detail about any of these possible successors. I basically gave the bare minimum; picture, residence, stance on rate (from what I have read), and a link to more information about them. So if you happen to find out more about them or find contrary information please let me know. Or if there happens to be more candidates out there please leave a comment and I will try to get them up there.

Not a ton of info on here, but it is solely for the purpose to begin recognizing these names and understanding whether they are hawkish or dovish. When the news broke that Weber would not be in line to become the next president at the ECB, the euro made some fairly violent moves. It may do the same when it comes to these names being thrown out on the wires, whether another super hawk, such as Weber, will be in line for the position, or a dovish candidate may push to the front of the line.