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To: Bobby Yellin who wrote (11121)	5/2/1998 7:15:00 PM
From: Alex	Read Replies (1) \| Respond to of 116762

EU summit reaches agreement on bank chief BRUSSELS, May 3 (Reuters) - European Union leaders reached an agreement early on Sunday under which Dutchman Wim Duisenberg will be appointed head of the European Central Bank and retire early at his own request, EU diplomats said. One diplomat said no date would be specified in writing for his departure but Duisenberg would make known his intention in a statement and the leaders would agree that his successor should be a Frenchman. ''There'll be no date mentioned. Duisenberg will make a statement,'' the diplomat said, adding that all other candidates for the ECB board had also been approved. ''It's not going to be in black and white. It'll be most probably for four years and he'll resign after four years and the French get their man in for eight years,'' the diplomat said. French President Jacques Chirac, who had nominated his central bank governor, Jean-Claude Trichet, for the post, had earlier insisted the summit note in writing that Duisenberg agreed to go at the latest by July 1, 2002, when euro banknotes and coins replace national currencies. Germany had blocked such a written commitment, saying it was incompatible with the Maastricht treaty on European economic and monetary union and could cause constitutional problems at home.

To: Bobby Yellin who wrote (11121)	5/3/1998 12:50:00 AM
From: Abner Hosmer	Read Replies (2) \| Respond to of 116762

Hi Bobby - My personal thanks go out to you and Alex. I have requested that the post be removed. I don't consider the individual who posted to be welcome on this thread, and if he makes another such malicious post or further disrupts the thread, I will seek to have his privileges revoked. sincere thanks - Tom