Germany backs Ireland's Donnery as ECB bank watchdog chief - source

FRANKFURT (Reuters) - Germany is backing Irishwoman Sharon Donnery as the next chief of the European Central Bank's banking watchdog, hoping she will be tough on tackling bad loans in countries such as Italy, a source familiar with the Berlin government's thinking said.The ECB is looking for a banking expert to replace the head of the Single Supervisory Mechanism (SSM), Daniele Nouy, when her term expires at the end of this year and to oversee a sector weighed down by bad loans and shrinking..