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Gramegna, Leao tied for ESM top job after Italy bows out

Klaus Regling, chief of the ESM, speaking with Luxembourg finance minister Yuriko Backes in Brussels on Monday. Photo: EU Council.

Eurogroup finance ministers on Monday again failed to agree on naming the successor for Klaus Regling as chief of the European Stability Mechanism even after Italy withdrew the candidacy of European Commission official Marco Buti.

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