Axel Weber pulls out of ECB race
Friday 11 February 2011 - by Nicola York
Axel Weber, one of the leading candidates in the race to take over as president of the European Central Bank, appears to have pulled out of the running after he tendered his resignation today as head of the Bundesbank.
But Weber potentially being out of the running doesn't necessarily mean Draghi will have a clear path to the finish line; the latest favourite to emerge is Klaus Regling, who heads up the European Financial Stability Facility.
Regling is also a former director general for economic and financial affairs at the European Commission.
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