European Central Bank President, Mario Draghi, will convene the ECB's first meeting of 2012 and lead a debate on monetary policy and the eurozone's debt crisis.
Following a series of retirements and two unexpected resignations in 2011, the ECB's governing council has undergone the first major generational shift since its 1998 founding.
But it isn't just an age gap that sets Mr Draghi's ECB apart. The influx of youthful central bankers from Europe's core of Germany, the Netherlands and France—all in their early to mid-40s—brings résumés packed with political experience. They are less grounded in economic orthodoxy than the post-World War II-generation officials they replaced.
The generational shift, ECB watchers say, portends a more pragmatic ECB under Mr Draghi when it comes to safeguarding the stability of financial markets, communicating with investors and increasingly frequent negotiations with governments.
That could mean more bank-support measures if needed, rate cuts to once-unheard-of lows, and more awareness of what central bankers can realistically expect from political leaders as they confront the escalating European debt crisis.
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