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EU Parliament approves official for top ECB post

Thursday - 1/16/2014, 9:40am  ET

FRANKFURT, Germany (AP) -- The European Parliament has approved the nomination of a German central bank official to serve on the top leadership body of the European Central Bank.

Bundesbank Deputy President Sabine Lautenschlaeger, 49, was approved Thursday by a vote of 443 to 47.

The approval follows criticism from members of parliament about the absence of women in top ECB posts.

Lautenschlaeger replaces Joerg Asmussen on the six-member executive board that runs the ECB day to day at its Frankfurt headquarters. Asmussen resigned to take a post with the German government.

Since 2011 there had been no woman on the executive board or the 23-member rate-setting council, which expanded to 24 seats on Jan. 1 when Latvia joined the euro.


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