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Austria Picks Labor Minister Martin Kocher to Succeed Holzmann at ECB
Austrian Labor and Economy Minister Martin Kocher is set to succeed Robert Holzmann at the helm of the central bank. A university professor who’s specialized in behavioral economics, the 50-year old Kocher will take the seat of an incumbent who’s earned a reputation as one of the most hawkish members of the European Central Bank’s Governing Council. The move will add another former politician to the handful already serving on the policy-setting panel that’s led by an ex-finance minister of France, Christine Lagarde. Despite sharing such a background of serving in government, Kocher’s own career has been ... (full story)