January 19, 2011 / 10:20 AM / 9 years ago

German paper says Draghi's ECB chances diminishing

BERLIN, Jan 19 (Reuters) - The chances of Bank of Italy governor Mario Draghi becoming the next president of the European Central Bank are diminishing, according to information obtained by the German weekly newspaper Die Zeit.

The newspaper said support was disappearing in some northern European countries for Draghi where he had been considered a favourite to succeed ECB President Jean-Claude Trichet.

It is “unlikely” that Dragi will be picked, according to high-ranking policy-makers in Germany and France, the paper said, adding that no final decision had yet been made and would not likely be made until May or June.

Writing by Erik Kirschbaum

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