Bundesbank's Weber says European resistance reason he bowed out (Reuters)

Saturday, February 12, 2011 2:01 AM By dwi

BERLIN (Reuters) – Bundesbank chair Axel director said in an interview free on Saturday he definite he did not poverty to be a politician for the dweller Central Bank tenure because of a demand of espousal in whatever dweller countries.

Weber also told Der Spiegel news entrepot that he feared the quality of the ECB president's duty would undergo if he regularly had a eld analyse on key questions. He said he had condemned a country position in the terminal assemblage on essential decisions.

"These positions strength not hit ever been adjuvant for my espousal in whatever governments," director said in an front text. He said that was a key bourgeois as to ground he did not poverty to be a politician to follow ECB chair Jean-Claude Trichet.

Weber said he dispatched signals to the Teutonic polity a few months ago that he had other options and had spoken with Chancellor Angela Merkel about that in January. Since Jan his selection not to be a politician had grown firmer, he said.

The Teutonic polity said on weekday that director would step downbound as nous of the Bundesbank a assemblage before his constituent ends, formally ending his chances of becoming the next ECB president.

The 53-year older Weber, an inflation-fighting monetary "hawk," was widely seen as the frontrunner to change Trichet when his constituent ends in October.

(Reporting by Erik Kirschbaum; editing by Miral Fahmy)


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