Latest News:  
Beijing   Cloudy/Overcast    0 / 5   City Forecast

People's Daily Online>>World

France's Coeure backed by EU as ECB executive board member

(Xinhua)

13:20, December 01, 2011

BRUSSELS, Nov. 30 (Xinhua) -- Benoit Coeure, a French senior treasury official, was endorsed by finance ministers of the European Union (EU) on Wednesday to join the executive board of the European Central Bank (ECB).

"The European Council today adopted a recommendation on the nomination of Benoit Coeure to the executive board of the ECB for a term of eight years as of Jan. 1, 2012," the council said in a statement released after EU finance ministers' meeting.

The recommendation will be submitted to European heads of states and government for a final decision, after consulting the European Parliament and the ECB's governing council, according to the statement.

The ECB executive board is responsible for implementation of monetary policy for the euro area, as laid down by the governing council. It is composed of the president, a vice-president and four other members, all nominated for a non-renewable term of eight years.

If appointed, Coeure will succeed Lorenzo Bini Smaghi of Italy, who has announced his resignation, as the only French member of the six-person executive board, after Italy's Mario Draghi replaced Frenchman Jean-Claude Trichet on Nov. 1 as president of the ECB.

Email|Print|Comments(Editor:实习生2)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Medvedev, Putin meet supporters in Moscow

  2. Oh deer, I think I love you

  3. Beijing experiences its 1st snow this winter

  4. Black-headed gulls migrate from Siberia to China's Kunming

Most Popular

Opinions

  1. Why is China's financial sector going global?
  2. World needs safety net against euro crisis
  3. US-Pakistan anti-terrorism coalition close to collapse
  4. China's schools on the way up
  5. What is to be done with Syria?
  6. UK mass strike shows steep learning curve
  7. China-Myanmar ties challenged by US moves
  8. China and India mustn't go for the throat
  9. Germany needs wisdom to save euro
  10. Egypt's chaos: No end in sight

What's happening in China

Full of the joys of life in prison

  1. Beijing revising housing rules
  2. Hospital head dismissed over baby scandal
  3. Injured in stable condition after blast kills two
  4. Yachting sector surfing a wave of high interest
  5. 6 schoolchildren hurt in minibus rollover accident

PD Online Data

  1. The lion dance in Guangzhou
  2. The flower fair in Guangzhou
  3. Lion dances pay New Year calls in Guilin
  4. Jiangsu´s special New Year traditions
  5. Hakka traditions in Spring Festival