The Wall Street Journal reports in its April 20, 2011 edition that the Head of the Bank of Italy, Mario Draghi, will almost certainly succeed Frenchman, Jean Claude Trichet, as the new Head of the European Central Bank — only because he is supported by Wolfgang Schauble, the German Finance Minister. The Journal says, “The opinion of Germany, Europe’s economic heavyweight, is crucial to settling on a successort to the current European Central Bank President, Jean-Claude Trichet.”
Wolfgang Schauble is credited with being behind Angela Merkel, the German Chancellor’s, speech about the euroo being “Germany’s destiny”. Russia has long thought of the EU, the European Union, as a German show. It’s
\Germany’s way of asserting its authority again after its defeat in World War II and asserting it in the only way it now can — in purely economic terms.
