Bloomberg News

Baroin Indicates Euro Ministers Won’t Fill ECB Board Seat Today

March 30, 2012

French Finance Minister Francois Baroin indicated that euro-area governments won’t decide today who to nominate to the European Central Bank’s executive board.

Governments are also considering nominations for the heads of the euro group of finance ministers, the European Bank for Reconstruction and Development and the European Stability Mechanism.

“There’s a bit of a merry-go-round,” Baroin told reporters today before a meeting of the 17 euro-region finance ministers in Copenhagen. “We need time. We need a global accord to have an agreement on the euro group, and as this decision will only be made in June, there’ll be no decision on this question before the French presidential election. We need a global accord.”

French voters go to the polls in two rounds on April 22 and May 6 to choose a president for the next five years.

To contact the reporters on this story: Mark Deen in Paris at markdeen@bloomberg.net; Josiane Kremer in Copenhagen at jkremer4@bloomberg.net

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


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