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HELSINKI: Finland is reviewing carefully how the race for the next head of the European Central Bank is developing and has not ruled out that Finland's Erkki Liikanen could become a candidate, Finnish finance minister said on Saturday.

Earlier this week finance minister Jyrki Katainen said Finland has no plan to put forward its central bank governor Liikanen to follow Jean-Claude Trichet as the head of the ECB, because he still saw the race as a contest between candidates from Italy and Germany.

"Of course the situation can change. We have discussed this situation carefully with Erkki Liikanen and we have a common view," Katainen said in an interview with Finnish public broadcaster YLE.

"We are reviewing the situation and we are not jumping to conclusions." Trichet's term ends in October and Italian politicians have promoted Mario Draghi for the ECB presidency. German Bundesbank head Axel Weber surprisingly dropped out of the running last week.

Copyright Reuters, 2011

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