Tuesday, 18 June 2019

Questions (128, 146)

Michael McGrath

Question:

128. Deputy Michael McGrath asked the Minister for Finance the appointment process of the new President of the European Central Bank; the candidates being considered; when the final decision will be made; and the level of consultation he has had with other European partners in this regard. [24828/19]

View answer

Michael Moynihan

Question:

146. Deputy Michael Moynihan asked the Minister for Finance the process for appointing the new President of the European Central Bank. [25190/19]

View answer

Written answers (Question to Finance)

I propose to take Questions Nos. 128 and 146 together.

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 Prof Draghi will open 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.