EU aims to select new European Central Bank chief by year-end
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The European Union aims to pick a new European Central Bank chief by the end of December after Christine Lagarde announced on October 29 she is stepping down nine months early. Eurogroup chief Kyriakos Pierrakakis stated the process must move quickly. Candidates include former Dutch Central Bank Governor Klaas Knot and Pablo Hernandez de Cos from the Bank for International Settlements.
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