BRUSSELS (Reuters) - European Union leaders have formally appointed Italy's Mario Draghi to be the next president of the European Central Bank, draft conclusions from the EU summit showed on Friday.
The decision clears the way for Draghi, 63, to take over from Jean-Claude Trichet when the Frenchman steps down at the end of October after eight years in the job.
"The European Council appointed Mr Mario Draghi president of the European Central Bank from 1 November 2011 to 31 October 2019," a draft of the conclusions obtained by Reuters showed.
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