France throws its support behind Luxembourg's Yves Mersch for a seat on the ECB's executive...

|By:, SA News Editor

France throws its support behind Luxembourg's Yves Mersch for a seat on the ECB's executive board, say sources, switching from backing Spain's Antonio Sainz de Vicuna. The move could tilt the balance towards the hawks at a time when they look with growing concern upon the wave of money unleashed over Europe.