Agreement at EU summit: Italian Draghi as new ECB chief

The Heads of State and Government have agreed on the Italian Mario Draghi as the new President of the European Central Bank. The EU Council President Herman Van Rompuy reported on Friday in Brussels. Draghi start this office on 1 November in Frankfurt.

 

As diplomats reported, the Italian Executive Board Member Bini Smaghi offered to call to give up his seat to clear the way for his compatriot Draghi leaves in December.

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European Union (wikipedia)