Trichet given green light for ECB presidency

The European Parliament's economic and monetary affairs committee backed Thursday Jean-Claude Trichet as the next president of the European Central Bank (ECB), putting the Bank of France governor a step closer to one of the most important jobs in global finance. The committee's members voted 20 in favour of Trichet's nomination, two against, with four abstentions following close questioning of the French central bank chief.

Click here for more information from the European Parliament's web sit