Euro zone ministers to discuss ECB appointments, but await leaders' guidance
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Euro zone finance ministers meet on Monday to discuss candidates for the European Central Bank presidency.
- ✓They will wait for leaders to reach a deal first.
- ✓Kyriakos Pierrakakis said, "This is a decision that will be taken by the leaders at the leaders level." Three top jobs need filling soon.
Story at a Glance
- Category
- Indian Markets
- Reported By
- Reuters
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
BRUSSELS, Nov 9 (Reuters) - Euro zone finance ministers will discuss on Monday two candidates to replace European Central Bank President Christine Lagarde, but are unlikely to make any recommendations yet, waiting for EU leaders to reach a deal first.
Lagarde will step down on February 7, nine months before the end of her term, making the schedule tight because leaders must also fill two other seats on the ECB's Executive Board within months.
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The two candidates to replace Lagarde are Dutch former central bank governor Klaas Knot and the head of the Bank for International Settlements Pablo Hernandez de Cos from Spain.
Under EU rules, euro zone finance ministers have to recommend a candidate, who then has to have a hearing in the European Parliament before EU leaders make the final appointment. EU governments would like to do that by the end of the year.
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Reuters
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