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Title: Central Banker Takes Aim at Trump’s Policies as a Candidate for European Leadership Position
Tags: economics, politics, finance, international, canada, europe, trump, bank of england, mark carney, mk carney
Article: Carolyn Edgar and Rory Jones write for The New York Times that former Bank of England governor Mark Carney has expressed his desire to lead the European Central Bank, potentially making him a fierce opponent should U.S. President Trump continue with his current policies towards the EU. Carney’s heritage and academic standing in both Canada as well as the U.K., alongside his strong leadership as head of the Bank of England during the financial crisis, gives him significant credibility among European leaders despite his current foreign status. This is particularly significant as Brexit negotiations continue, leaving the British central bank director in the unique position of being in favor of an open, liberal economy but suiting to become a leading member of an institution that demands its members maintain a strict budgetary policy. Carney’s ambition, while supported by his CV, also faces opposing factors, including his rapidly-approaching retirement age, opposition from some EU leaders who desire a woman or a southerner, and the downsides of having leadership shifted from Frankfurt to London. Nonetheless, when taking into account the current state of transatlantic relations, some have raised the possibility of Carney becoming a “Kingmaker” in European politics.
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