Thursday, 13 June 2019

Questions (66)

Michael McGrath

Question:

66. Deputy Michael McGrath asked the Minister for Finance his role in deciding which candidate Ireland will support to succeed Mr. Mario Draghi as President of the European Central Bank; and if he will make a statement on the matter. [24794/19]

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Written answers (Question to Finance)

The President of the European Central Bank, Prof. Mario Draghi, is due to step down on 31 October this year.

The selection process to appoint a candidate to succeed Mr Draghi will open in the coming months when the President of the Eurogroup will invite nominations for the position. Following receipt of nominations the name(s) will be discussed at Eurogroup and agreed at ECOFIN. The European Central Bank and the European Parliament will also be consulted. Finally the nominee will formally be appointed by the European Council.