Merkel Hesitates Backing Draghi’s Nomination for ECB

German chancellor Angela Merkel is hesitating to back the nomination of Italy’s Mario Draghi as the next president of the European Central Bank because she wants several demands met in return, a magazine said on Sunday. Der Spiegel said that Merkel wants two Germans to be appointed to top European finance positions in addition to further concessions on the ESM, the permanent euro zone bailout fund. – Reuters

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