Eurozone anoints Italy's Draghi as ECB head

BRUSSELS: Eurozone finance ministers named Italy's Mario Draghi on Monday as their chosen successor to head the European Central Bank come October, Eurogroup head Jean-Claude Juncker announced.

"We unanimously designated Mario Draghi to succeed Jean-Claude Trichet," Juncker said at a news conference. "Mario Draghi will be the new president of the ECB." Juncker said the Italian had both "an excellent international and European  reputation." "He has proven he is strongly attached to the euro" as well as to the European Union, he added.