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BRIEFLY

Banking

August 19, 1993|From Times Staff and Wire Reports

Frenchman Appointed to Head European Bank: Jacques de Larosiere was named new president of the European Bank for Reconstruction and Development. The governor of the Bank of France brings an austere reputation to the East European development bank that differs greatly from that of his predecessor, Jacques Attali. As head of the Washington-based International Monetary Fund for eight years in the 1980s, De Larosiere, 63, won plaudits around the globe for his handling of the world debt crisis.

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