Who should succeed Mario Draghi as president of the European Central Bank (ECB)? That is the most important decision European governments will take in 2019.

It is more important even than how they deal with an idiotic UK. It is more important than dealing with Donald Trump. It is more important than who will be presidents of the commission or council. The next president of the ECB might determine whether there is a eurozone, perhaps an EU, at the end of the term in 2027. Draghi’s period has been that important. His successor’s might be equally so.

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