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Bundesbank chief Axel Weber won't replace Jean-Claude Trichet as ECB chief later this year, according to Reuters.
As Weber is super-hawkish, and seen as being much less friendly towards monetizing debt, this is big.
An official announcement from the German Bundesbank is expected later today.
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Full story at http://feedproxy.google.com/~r/businessinsider/~3/MF6x2BW1_uo/axel-weber-wont-replace-trichet-2011-2
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