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Belgian to head economics at European Central Bank

By Associated Press

 |   

  January 04, 2012

A top European Central Bank official from Belgium has been put in charge of economics for the central bank, a surprise decision that passed over two candidates from Germany and France. The bank’s six-member executive board gave the key post to Peter Praet, a former Belgian central bank official who joined the ECB in June. The 62-year-old Praet takes over the responsibilities of Germany’s Juergen Stark, who resigned, the bank said in a statement Tuesday.

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