Investors in Europe are likely to receive more clues this week on who will replace Mario Draghi, just days after the European Central Bank president signaled that more accommodative policy could be on the way.
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European leaders gathering in Brussels Thursday will have their second round of talks on who should lead the European Commission — the EU's executive arm. Once that's achieved, the route for choosing the next Draghi will be opened. Finland announced Wednesday that it had put forward two names to lead the ECB: Erkki Liikanen and Olli Rehn, the former and current chief of the Finnish central bank, respectively.
The European official told CNBC that members of the Governing Council have a better chance of replacing Draghi. The transition would be "easier," he said. In this context, the bank's vice president, Luis de Guindos, told CNBC that there is a "wide range" of ways the ECB could prop up inflation, including by embarking on a"By undertaking the contingency planning now, Draghi may leave his successor somewhat handcuffed to whatever the Governing Council agrees upon – an agreement he can steer over the next couple of months," Hense told CNBC.
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