Bloomberg News

ECB Says Draghi Urged Van Rompuy to Fill Board Position Quickly

June 18, 2012

The European Central Bank said President Mario Draghi has urged European Union President Herman van Rompuy to quickly fill a vacant position on the ECB’s Executive Board.

Draghi today sent a letter to van Rompuy stressing the importance of filling the position opened by the departure of Spain’s Jose Manuel Gonzalez-Paramo, whose eight-year term concluded at the end of May, a spokesman for the Frankfurt-based ECB said. The ECB needs all six board seats occupied to function effectively, and politicians should accelerate the necessary procedures so that the appointment can be made in the very near future, Draghi said in the letter. He wrote a similar letter to van Rompuy in December, the spokesman said.

European finance ministers, who meet later this week, have delayed filling the ECB board seat after deadlocking over two candidates in March: Luxembourg Central Bank Governor Yves Mersch and Spain’s Antonio Sainz de Vicuna, head of the ECB’s legal department.

The appointment is part of a personnel package that the EU decided to put off until after France’s presidential election, won by Francois Hollande on May 6.

To contact the reporter on this story: Jana Randow in Frankfurt at jrandow@bloomberg.net

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


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