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ECB: no requests for Duisenberg to stay

Contrary to some reports the ECB has said it has no knowledge of any official request to Wim Duisenberg for him to stay on as president.

Source: Reuters

The European Central Bank said it is not aware of any official request to bank president Wim Duisenberg to delay his retirement.

Reports Friday said that the Greek EU presidency has decided to ask the Dutchman to extend his term of office by six months.

Duisenberg is due to step down on 9 July, but his proposed successor, Bank of France governor Jean-Claude Trichet, may not be able to take up the position as he is under investigation for allegedly helping to cover-up losses at the then state-owned Credit Lyonnais in 1993.

His fate will be determined by a court on 18 June, which would give EU leaders little time to find another candidate should Trichet be convicted.

In February, Christa Randzio-Plath, head of the EU's economic and monetary committee, said Duisenberg would probably have to delay his retirement because the European parliament could not confirm his successor before September.

The issue is expected to be discussed at an informal meeting of EU regulators next weekend.

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