France targeting Commission presidency over top ECB job: Sources

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France targeting Commission presidency over top ECB job: Sources
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France will push for the presidency of the European Commission rather than the European Central Bank when top EU jobs come up for negotiations ...

PARIS: France will push for the presidency of the European Commission rather than the European Central Bank when top EU jobs come up for negotiations later this year, three sources briefed on discussions over the matter said.

Who gets the Commission presidency depends on which party comes out on top in European Parliament elections on May 23-26, and negotiations between EU governments that follow. Meanwhile, Bank of France Governor Francois Villeroy de Galhau has been mentioned as a potential candidate to run the ECB, while Benoit Coeure, a respected Frenchman on the ECB's executive board, is also seen as a possibility in what is also certain to be a compromise among the euro zone's biggest powers.

Macron would support the European Union's chief Brexit negotiator, French conservative Michel Barnier, for Commission president if it looked like he had chance of getting it, a source close to Macron said in February.The head of the Commission plays a critical role in shaping legislative priorities, which would help Macron's reform plans for the bloc in the wake of Britain's planned departure.

If the stars do not align for France on the Commission, Macron could still have a shot at putting a Frenchman in charge of the European Central Bank, with Villeroy regarded a serious contender in other European capitals.

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