Executive Board of the European Central Bank

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The Executive Board of the European Central Bank is the organ responsible for implementing monetary policy for the Eurozone in line with the guidelines and decisions taken by the Governing Council of the European Central Bank.

Members of the Executive Board of the European Central Bank are nominated by agreement between the Heads of Government of the Eurozone countries for a non-renewable eight-year term (members nominated in 1998 for the original board had their terms staged so that one would be replaced each year). Under the ECB's rules board members do not represent a particular country, nor are they responsible for keeping track of economic conditions in one country. Instead, all board members are jointly responsible for monetary policy for the entire Euro area. Members generally take office in June.

Members of the Board[edit]

Year Presidents* Vice-presidents* Four other executive members
1998 Wim Duisenberg
Netherlands
Christian Noyer
France
Sirkka Hämäläinen
Finland
Eugenio Domingo Solans
Spain
Tommaso Padoa-Schioppa
Italy
Otmar Issing
Germany
1999
2000
2001
2002 Lucas Papademos
Greece
2003 Jean-Claude Trichet
France
Gertrude Tumpel-Gugerell
Austria
2004 José Manuel González Paramo
Spain
2005 Lorenzo Bini Smaghi
Italy
2006 Jürgen Stark
Germany
2007
2008
2009
2010 Vítor Constâncio
Portugal
2011 Mario Draghi
Italy
Peter Praet
Belgium
2012 Benoît Cœuré
France
Jörg Asmussen
Germany
2013 Yves Mersch
Luxembourg
2014 Sabine Lautenschläger
Germany
* Terms are for Board appointments, not for executive positions[1]

External links[edit]

References[edit]

  1. ^ Marsh, David, "The backroom deal that took bazooka out of ECB’s hands", MarketWatch, June 12, 2014. Draghi took over from Trichet as president in late 2012.