Finance ministers of the euro area Monday, May 16 gave their agreement in principle that Italy's Mario Draghi to replace Jean-Claude Trichet as president of the European Central Bank (ECB) announced their leader, the Luxembourg Jean-Claude Juncker. "We have unanimously nominated Mario Draghi as the successor of Jean-Claude Trichet," Juncker said at a press conference after a meeting in Brussels of the finance ministers of the euro area .
Her formal appointment will however have to wait until late June next summit of Heads of State and Government of the European Union. "Mario Draghi will be the new president of the ECB, it enjoys an international reputation and great European, he has proven that he is strongly tied to the euro, the Economic and Monetary Union, the EU and its construction and integration, "he commented Mr Juncker.
"It brings together all the elements to be a worthy successor to Jean-Claude Trichet, who was a prominent bank president," he added. Mr. Trichet, whose term ends in late October will be spent eight years as head of the Monetary Institute in Frankfurt. His successor will be a heavy task for the current governor of the central bank of Italy, with a debt crisis is likely to weigh on the euro area for the next several months. 
Her formal appointment will however have to wait until late June next summit of Heads of State and Government of the European Union. "Mario Draghi will be the new president of the ECB, it enjoys an international reputation and great European, he has proven that he is strongly tied to the euro, the Economic and Monetary Union, the EU and its construction and integration, "he commented Mr Juncker.
"It brings together all the elements to be a worthy successor to Jean-Claude Trichet, who was a prominent bank president," he added. Mr. Trichet, whose term ends in late October will be spent eight years as head of the Monetary Institute in Frankfurt. His successor will be a heavy task for the current governor of the central bank of Italy, with a debt crisis is likely to weigh on the euro area for the next several months.
- Mario Draghi to be annointed soon as ECB chief (16/05/2011)
- "EU ministers to Announce on Monday: Mario Draghi, Bank of Italy Governor and Ex-Goldman Managing Director, to replace Jean-Claude Trichet" and related posts (15/05/2011)
- The Business On... Mario Draghi, Governor, Bank of Italy (11/05/2011)
- Merkel Says Germany Could Back Draghi For ECB Helm: Press (11/05/2011)
- Italy's Mario Draghi set to head European Central Bank (11/05/2011)
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