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Germany to nominate ECB executive board candidate

Germany’s finance minister, Lars Klingbeil, said Germany will nominate a candidate to fill a vacancy on the ECB executive board.

By Maria Martinez and Jan Strupczewski Germany will put forward a candidate for a vacant seat on the European Central Bank's executive board, Finance Minister Lars Klingbeil said on Friday, in a move widely read as evidence Berlin will not challenge ECB President Christine Lagarde's position when it opens up.