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    <title>Business Recorder - Business &amp; Finance - Money &amp; Banking</title>
    <link>https://www.brecorder.com/</link>
    <description>Business Recorder</description>
    <language>en-Us</language>
    <copyright>Copyright 2026</copyright>
    <pubDate>Fri, 14 Aug 2026 02:33:33 +0500</pubDate>
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      <title>Bundesbank's weber says european resistance reason he bowed out</title>
      <link>https://www.brecorder.com/news/2730/bundesbanks-weber-says-european-resistance-reason-he-bowed-out</link>
      <description>&lt;p class="MsoNormal"&gt;&lt;img style="margin-right: 10px; margin-bottom: 10px; float: left;" src="https://i.brecorder.com/images/stories/alex-weber-400.jpg" height="267" width="400" /&gt;BERLIN: Bundesbank president Axel Weber said in an interview released on Saturday he decided he did not want to be a candidate for the European Central Bank presidency because of a lack of acceptance in some European countries.&lt;/p&gt;
&lt;p class="MsoNormal"&gt;Weber also told Der Spiegel news magazine that he feared the credibility of the ECB president's office would suffer if he regularly had a minority view on key questions. He said he had taken a clear position in the last year on important decisions.&lt;/p&gt;
&lt;p class="MsoNormal"&gt;"These positions might not have always been helpful for my acceptance in some governments," Weber said in an advance text. He said that was a key factor as to why he did not want to be a candidate to succeed ECB president Jean-Claude Trichet.&lt;/p&gt;
&lt;p class="MsoNormal"&gt;Weber said he sent signals to the German government a few months ago that he had other options and had spoken with Chancellor Angela Merkel about that in January. Since January his decision not to be a candidate had grown firmer, he said.&lt;/p&gt;
&lt;p class="MsoNormal"&gt;The German government said on Friday that Weber would step down as head of the Bundesbank a year before his term ends, formally ending his chances of becoming the next ECB president. (For full coverage, click&lt;/p&gt;
&lt;p class="MsoNormal"&gt;The 53-year old Weber, an inflation-fighting monetary "hawk", was widely seen as the frontrunner to replace Trichet when his term ends in October.&lt;/p&gt;
&lt;p&gt;&lt;center&gt;&lt;b&gt;&lt;i&gt;Copyright Reuters, 2011&lt;/i&gt;&lt;/b&gt;&lt;br /&gt;&lt;/center&gt;&lt;/p&gt;
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      <content:encoded xmlns="http://purl.org/rss/1.0/modules/content/"><![CDATA[<p class="MsoNormal"><img style="margin-right: 10px; margin-bottom: 10px; float: left;" src="https://i.brecorder.com/images/stories/alex-weber-400.jpg" height="267" width="400" />BERLIN: Bundesbank president Axel Weber said in an interview released on Saturday he decided he did not want to be a candidate for the European Central Bank presidency because of a lack of acceptance in some European countries.</p>
<p class="MsoNormal">Weber also told Der Spiegel news magazine that he feared the credibility of the ECB president's office would suffer if he regularly had a minority view on key questions. He said he had taken a clear position in the last year on important decisions.</p>
<p class="MsoNormal">"These positions might not have always been helpful for my acceptance in some governments," Weber said in an advance text. He said that was a key factor as to why he did not want to be a candidate to succeed ECB president Jean-Claude Trichet.</p>
<p class="MsoNormal">Weber said he sent signals to the German government a few months ago that he had other options and had spoken with Chancellor Angela Merkel about that in January. Since January his decision not to be a candidate had grown firmer, he said.</p>
<p class="MsoNormal">The German government said on Friday that Weber would step down as head of the Bundesbank a year before his term ends, formally ending his chances of becoming the next ECB president. (For full coverage, click</p>
<p class="MsoNormal">The 53-year old Weber, an inflation-fighting monetary "hawk", was widely seen as the frontrunner to replace Trichet when his term ends in October.</p>
<p><center><b><i>Copyright Reuters, 2011</i></b><br /></center></p>
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      <category>Business &amp; Finance</category>
      <guid>https://www.brecorder.com/news/2730</guid>
      <pubDate>Sat, 12 Feb 2011 10:02:50 +0500</pubDate>
      <author>none@none.com (Syed Murtaza Gheblehzadeh)</author>
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