Appointment of Executive Board Member of the European Central Bank

Summary:

Reports on the nomination process relating to a vacancy at the European Central Bank's Executive Board Member in 2019.

Further information:

The Eurogroup President opened the call for submission of nominations on 21 January 2019. The call closed on 30 January and one nomination was received on behalf of Philip Lane, Ireland's Central Bank Governor.

The Eurogroup discussed the nomination on 11 February and a formal Recommendation was adopted by the Council of the European Union on the next day. The ECB's Governing Council adopted an Opinion on the appointment on 6 March and the European Parliament endorsed it on 14 March.

Official

Eurogroup: Statement by the Eurogroup President on the nominations for the post of ECB executive board member, 30 January 2019 https://www.consilium.europa.eu/en/press/press-releases/2019/01/30/statement-by-the-eurogroup-president-on-the-nominations-for-the-post-of-ecb-executive-board-member/

Eurogroup: Press Release, 11/02/2019: ECB executive board: Eurogroup gives support to Philip Lane's candidacy https://www.consilium.europa.eu/en/press/press-releases/2019/02/11/ecb-executive-board-eurogroup-gives-support-to-philip-lane-s-candidacy/

ECB: Press Release, 06/03/2019: ECB adopts opinion on appointment of new Executive Board member https://www.ecb.europa.eu/press/pr/date/2019/html/ecb.pr190306~2c12d54c7a.en.html

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News

Bloomberg, 30/01/2019: Lane Set to Succeed ECB Chief Economist in Uncontested Race https://www.bloomberg.com/news/articles/2019-01-30/lane-set-to-succeed-ecb-chief-economist-in-uncontested-race

Reuters, 30/10/2019: ECB elevation for Ireland's 'unquestionable' top economist Lane https://uk.reuters.com/article/idUKKCN1PO2BZ

The Irish Times, 11/02/2019: Eurogroup ministers back Philip Lane for top job at ECB https://www.irishtimes.com/business/economy/eurogroup-ministers-back-philip-lane-for-top-job-at-ecb-1.3789973

RTÉ News, 12/02/2019: Lane gets approval from ECOFIN for new ECB job https://www.rte.ie/news/business/2019/0212/1029144-philip-lane-ecb-job/

Bloomberg, 12/02/2019: ECB Officials Warn Not to Overreact to Single Data Points https://www.bloomberg.com/news/articles/2019-02-12/lane-says-ecb-shouldn-t-overreact-to-individual-data-points

The Irish Times, 12.02.19: Lane believes UK and EU will agree deal to avoid ‘chaotic Brexit’ https://www.irishtimes.com/business/economy/lane-believes-uk-and-eu-will-agree-deal-to-avoid-chaotic-brexit-1.3790954

RTÉ News, 06/03/2019: ECB support appointment of Philip Lane to executive board https://www.rte.ie/news/business/2019/0306/1034785-philip-lane/

The Irish Times, 14/03/2019: European Parliament backs Philip Lane for ECB role https://www.irishtimes.com/business/economy/european-parliament-backs-philip-lane-for-ecb-role-1.3825788

Reuters, 14/03/2019: EU Parliament confirms Lane's ECB appointment despite backlash on gender https://uk.reuters.com/article/idUKKCN1QV1JK

Politico, 14/03/2019: Parliament backs men for top EU bank jobs, after call for more women https://www.politico.eu/article/lawmakers-back-men-for-ecb-eba-srb-after-call-for-more-women/

Independent.ie, 15/03/2019: Europe rubber-stamps Philip Lane’s appointment to ECB https://www.independent.ie/business/irish/europe-rubberstamps-philip-lanes-appointment-to-ecb-37915497.html

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Commentary and Analysis

Bloomberg, 28/02/2019: The Next ECB Chief Economist Is More Than a Dove https://www.bloomberg.com/opinion/articles/2019-02-28/ecb-is-likely-to-tap-ireland-s-philip-lane-as-chief-economist

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