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2012-05-04

French Election Could Determine Whether German Leads Europ Group - SPIEGEL ONLINE

The acting president of the Euro Group, Luxembourg Prime Minister Jean-Claude Juncker, wants to leave the post in June.Unofficially, Schäuble has been a candidate to succeed him for weeks now.

But the French election has prevented any decision thus far. Incumbent Nicolas Sarkozy reportedly signaled his approval for the appointment a few weeks ago, but his advisors then pushed him to withdraw his support -- or at least keep it quiet until after the election.

They feared it would be unpopular with voters if Sarkozy appeared to further promote the savings dictate that Germany has applied to the rest of the euro zone countries.


French Election Could Determine Whether German Leads Europ Group - SPIEGEL ONLINE

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