Luxemburger Mersch voorgedragen voor positie in bestuur van Europese Centrale Bank (en)
Council recommends Mersch for ECB executive board
The Council today1 recommended the nomination of Yves Mersch to the executive board of the European Central Bank for a term of eight years.
If appointed, he will succeed José Manuel González-Páramo, who completed his term of office on 31 May.
The Council's recommendation will be submitted to the European Council for a decision, after consulting the European Parliament and the ECB's governing council.
The executive board of the ECB is responsible for implementation of monetary policy for the euro area, as laid down by the governing council. It is composed of the president, a vice-president and four other members, all nominated for non-renewable terms of eight years. The governing council is composed of the six members of the executive board and the governors of the national central banks of the member states of the euro area.
The recommendation was adopted at a meeting of the Economic and Financial Affairs Council.