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ECB Executive Board
Lorenzo Bini Smaghi set to replace Tommaso Padoa-Schioppa at ECB on 1 June. Similar central banking backgrounds mean no shift in emphasis of ECB monetary policy likely as a result of changeover. Reinforces expectation that Issing's successor next year will be a German
SummaryItalian nomination to ECB Executive Board endorsed by ECOFIN council and ECB Governing Council
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