Belgian Peter Praet was given responsibility for the Economics department.
Peter Praet (born 20 January 1949 in Herchen near Eitorf, North Rhine-Westphalia, Germany) is chief economist of the European Central Bank.
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On the same time, Peter Praet was also professor of Monetary Economics at the Solvay Brussels School of Economics and Management.
Weber was replaced by his Bundesbank successor Jens Weidmann, while Belgium's Peter Praet took Stark's original position, heading the ECB's economics department.
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