Alexandre Lamfulussy, aged 67, president of the European Monetary Institute, will retire in mid-1997 and is likely to be succeeded by Wim Duisenberg, aged 60, president of the Netherlands Central Bank, EMI officials say. The appointment was made unanimously by the EMI's council. If European Monetary Union goes ahead on January 1, 1999, Duisenberg stands a chance of becoming the first head of the independent European Central Bank. At its meeting on May 13, the Bank for International

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