New ECB number two unlikely to impact euro
MARKET NEWS
FRANKFURT -- The nomination of Greek central bank governor Lucas Papademos as vice-president of the European Central Bank (ECB) last week, is unlikely to have a large impact on the euro or the bank’s credibility, analysts told FX Week.
If anything, it may prove a slight positive for the ECB because the current vice-president, Christian Noyer of the French central bank, is perceived so poorly in the market-place that any change is likely to be welcomed, analysts said.
But the focus will now be on
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