Coeure loophole shows that plenty of people don't want Weidmann to lead ECB - ConsultFX

Coeure loophole shows that plenty of people don't want Weidmann to lead ECB

They've found a loophole There has been a twist in the race to replace Mario Draghi has head of the ECB. Most ECB-watchers thought European law prohibited members of the executive board rising to President but the WSJ reports that top officials recently received legal advice that Benoit Coeure, could be elevated to president via a loophole.