Ireland’s Central Bank chief Lane is to become the new chief economist of the European Central Bank. The Eurozone Finance Ministers unanimously for him. The 49-Year-old is regarded as the Top Economist of his country.
The Euro-Finance Ministers have appointed a successor to ECB chief economist Peter Praet from Belgium: The Central Bank of Ireland boss Philip Lane is to take over the office. Praet will leave at the end of may after eight years.
Euro group boss, Mario Centeno, praised Lane as “excellent” candidates. The 49-year-old former Economics Professor, was the only candidate. Lane in November 2015, the Governor of the Irish Central Bank. Since the Start of the monetary Union before 20 years, the country has never been in the six-member Executive Board of the ECB.
Lane must now face a hearing in the European Parliament, which shall then issue a recommendation. This, however, is not binding. At the EU summit on 21. 22. March, to then fall to a formal decision about the change of personnel. Last year, Lane was already in the race for the appointment of a new ECB Vice-President Post, to Ireland, withdrew his candidacy. Deputy Central Bank chief Mario Draghi, Spain’s Luis de Guindos.
A comprehensive curriculum vitae
Lane is included in the monetary policy, such as Praet, the so-called doves, more for a loose orientation. He is regarded as the Top Economist of his country. Than four years ago, it became clear that he is the successor of the former Irish Central Bank chief Patrick Honohan, consisted of his resume alone is 13 pages of information to academic titles, scientific essays, lectures, academic prizes, and educational activities. Private is known to him, that he is a Fan of English football club Liverpool.
The current ECB chief economist Praet will be eliminated in may from the office.
The term of office of the ECB President Draghi ends in October.
replacement of other Items
The leadership Council of the ECB this year, further new appointments. In the fall, the office of ECB President, Mario Draghi, is after eight years. As a possible successor to the Italian, German Federal Bank President Jens Weidmann. At the end of December, the eight-year term of the Frenchman Benoit Coeure on the ECB’s Executive Board expires.
How about Weidmann?, 19.04.2018 Five years, the ECB President Draghi: The Unloved, 01.11.2016 Atlas |Belgium |Brussels
