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Italy is set to back Margrethe Vestager of Denmark for president of the European Investment Bank if its candidate Daniele Franco won’t be successful, according to people familiar with the matter.
Vestager stepped aside in September as the European Union’s digital chief to pursue the EIB post, while Spanish Economy Minister Nadia Calvino has been seen as the frontrunner. German Chancellor Olaf Scholz publicly backed Calvino earlier this month.
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