Bloomberg Businessweek

Merkel and Macron Face Off Over the EU’s Top Seats

Who fills them will come down to much more than qualifications

Ever since the European Central Bank was established in 1998, the appointment of its president has been dictated by politics. It’s a fight that encompasses the historical rivalry between France and Germany, and it’s as much a struggle for influence and power as it is about a vision for monetary policy.

The 2019 version of the race is proving to be no different. The new ECB chief won’t take office until current President Mario Draghi steps down in October. But German Chancellor Angela Merkel, who’s preparing to leave office and has an eye on her legacy after 14 years as the European Union’s most powerful figure, is already squaring off against French President Emmanuel Macron, who wants to

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