ESM: Both candidates for Regling’s successor withdraw

A successor to Klaus Regling at the ESM must be found by October 7. The Managing Director of the European Stability Mechanism, who has also headed the European Finacial Stability Facility (EFSF) since 2010, will retire on that day. The search for a successor has been entrusted to Paschal Donohoe, Finance Minister of Ireland and Head of the Eurogroup.

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