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Europe Daily Bulletin No. 10380

18 May 2011
GENERAL NEWS / (eu) eu/ecofin
Mario Draghi to be new head of ECB

Brussels, 17/05/2011 (Agence Europe) - On Tuesday 17 May, EU27 finance ministers gave the nod for the governor of the Bank of Italy, Mario Draghi, to take over from Jean-Claude Trichet at the helm of the European Central Bank later this year, assenting to the Eurogroup's suggestion the day before. The appointment now needs to be endorsed by heads of state at the June 2011 European Council before being made official at the ECOFIN Council in July so that Draghi can take office on 1 November...

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