ECB backs Draghi to head central bank

draghi-and-trichet

Mario Draghi, the governor of the Bank of Italy, has moved one step closer to heading the European Central Bank (ECB) after his colleagues on the Governing Council put their weight behind his nomination.

The Governing Council said it "had no objections" to Draghi's candidacy, and saw him as a person of "recognised standing and professional experience in monetary or banking matters", a requirement for the president of the ECB under Article 283(2) of the Treaty on the Functioning of the EU.

Draghi

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