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Germany proposes Bundesbank deputy for ECB board seat
Germany has proposed Sabine Lautenschlaeger, a vice president at the German Bundesbank, to take the seat on the European Central Bank board that is being vacated by Joerg Asmussen, a government spokesman said on Tuesday. Asmussen announced on Sunday that he would be returning to Berlin after just two years on the ECB's six-member executive board, to become state secretary in the labor ministry. Replacing him will entail some reshuffling of tasks on the board and comes at a time when the ECB is reaching the limits of its conventional monetary policy and may be forced to explore new ways to keep deflationary risks at ... (full story)