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The Independent UK
The Independent UK
National
Via AP news wire

Euro rescue fund to get new chief as its old glory fades

Copyright 2021 The Associated Press. All rights reserved

A contest to lead Europe's financial rescue fund is drawing to a close with the spotlight on three candidates. But a question that has hung over the monthslong race looks certain to persist: Will the winner have enough to do despite fresh economic shocks?

Finance ministers from the 19 countries that share the euro currency could decide Thursday in Luxembourg on a successor to Germany’s Klaus Regling as managing director of the European Stability Mechanism, created during the eurozone debt crisis a decade ago. They also could postpone the decision until July.

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