Draghi Dodges French Qualms, Wins ECB Job as EU Tackles Debt
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Italy’s Mario Draghi dodged last-minute French objections to win the European Central Bank presidency in a dispute that threatened to overshadow efforts to prevent a Greek default.
Draghi’s appointment today at the end of a two-day European Union summit followed a pledge by euro leaders yesterday to do whatever it takes to support Greece as long as Prime Minister George Papandreou pushes through a package of deficit cuts.