Bloomberg News

Mersch Likely to Be Nominated for ECB Seat, FTD Deutschland Says

March 27, 2012

Luxembourg Central Bank governor Yves Mersch will probably be nominated by euro-area finance ministers this week for a seat on the board of the European Central Bank, the Financial Times Deutschland reported, citing unidentified people.

Mersch has already secured the necessary backing for nomination in preference to the Spanish candidate, Antonio Sainz de Vicuna, the newspaper said.

Spain may demand that one of its nationals be appointed to head the euro area’s permanent rescue fund in return for withdrawing Vicuna from the ECB race, the FTD said.

To contact the reporter on this story: Jeff Black in Frankfurt at jblack25@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net


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