European Central Bank reshuffle kicks into high gear
Three key positions will become available at the ECB this year; here are the likely replacements
Frankfurt —The eurozone’s leaders have started to battle over appointments that will reshape the European Central Bank (ECB), the 19-country currency bloc’s most powerful institution, in the next few months. Which jobs are up for grabs? The terms of the ECB’s chief economist Peter Praet (May 31), ECB president Mario Draghi (October 31), and board member Benoît Coeuré (December 31) all expire this year. Who is in the frame? For chief economist, Central Bank of Ireland governor Philip Lane is seen as a done deal, as no other candidate has been proposed. The other positions are up in the air. For president, Banque de France governor François Villeroy de Galhau is seen as the favourite. Other candidates could include Jens Weidmann (Germany); Olli Rehn and Erkki Liikanen (Finland); Klaas Knot (Netherlands); and Ardo Hansson (Estonia). Coeuré (France) is also mentioned in the press but, as a sitting board member, he is not eligible for re-appointment. Some have suggested that if he resign...
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