Stark to remain on ECB executive board until January


The European Council on Sunday formally adopted a decision to appoint Jörg Asmussen to the European Central Bank's (ECB) executive board.

He will begin his eight-year term on January 1, 2012, succeeding fellow German national, Jürgen Stark, who announced his resignation on September 9.

Asmussen is currently a deputy finance minister in the German government.
"Stark has agreed to remain in function until his successor takes up his responsibilities," said the Council in a statement on the decision

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