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The European Central Bank (ECB) is dealing with two main developments. Austria's central bank governor warned that the ECB might need to take action if the euro's value keeps rising, which could hurt European exports.
Separately, Croatia's central bank chief, Boris Vujcic, has been nominated to become the next vice president of the ECB. This leadership change comes as ECB President Christine Lagarde is scheduled to speak at the World Economic Forum in Davos.
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