ECB clears Isabel Schnabel's appointment to board

FRANKFURT (Reuters) - The European Central Bank's Governing Council does not object to the appointment of Germany's Isabel Schnabel to the bank's Executive Board from Jan. 1, the ECB said in a statement on Thursday. Schnabel, the only candidate for the post, replaces Sabine Lautenschlaeger, who quit in October after unsuccessfully opposing a new round of stimulus.Although Schnabel must still await approval from the European Parliament and euro zone leaders, these are largely considered..