A Franco-German summit in Tours this week failed to break the deadlock

Series Title
Series Details 12/03/98, Volume 4, Number 10
Publication Date 12/03/1998
Content Type

Date: 12/03/1998

over who should be the first president of the European Central Bank. Nevertheless, both sides said they expected the stand-off between the candidacies of Bank of France governor Jean-Claude Trichet and European Monetary Institute head Wim Duisenberg to be settled in time for the EMU summit in Brussels on the first weekend of May. “We want to settle this issue by 1 May and I am confident we can do that,” said German Finance Minister Theo Waigel.

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