Erkki Liikanen

Erkki Liikanen
Erkki Liikanen
Governor of Bank of Finland
	In office; 12 July 2004 – 12 July 2018
Preceded by	Matti Vanhala
Succeeded by	Olli Rehn
European Commissioner for Enterprise and Information Society
	In office; 17 September 1999 – 11 July 2004
President	Romano Prodi
Preceded by	Martin Bangemann (Industrial Affairs, Information and Telecommunications Technologies)
Succeeded by	Olli Rehn
European Commissioner for Budget, Personnel and Administration
	In office; 25 January 1995 – 17 September 1999
President	Jacques Santer; Manuel Marín (Acting)
Preceded by	Peter Schmidhuber (Budget and Financial Control)
Succeeded by	Michaele Schreyer (Budget); Neil Kinnock (Administrative Reform)
Minister of Finance
	In office; 30 April 1987 – 28 February 1990
Prime Minister	Harri Holkeri
Preceded by	Esko Ollila
Succeeded by	Matti Louekoski
Member of Parliament; from Mikkeli
	In office; 22 January 1972 – 31 August 1990
Personal details
Born	Erkki Antero Liikanen; 19 September 1950; Mikkeli, Finland
Political party	Social Democratic Party
Spouse(s)	Hanna-Liisa Issakainen (m. 1971)
Education	University of Helsinki

Erkki Antero Liikanen (born 19 September 1950) is a Finnish social democratic politician and a former Governor of the Bank of Finland.[1][2]

Early life and education

Erkki Antero Liikanen obtained a bachelor’s degree in Political Science (Economics) from the University of Helsinki in 1975.[3]

Political career

Liikanen was elected to the Finnish Parliament in 1972 when he was only 21 years old. Liikanen was appointed as the Minister of Finance in the Holkeri Cabinet in 1987.[4] He left Parliament in 1990 to become the first Finnish Ambassador to the European Union.[5]

In 1994 he became the first Finnish Member of the European Commission. He was Commissioner for Budget, Personnel and administration, which included responsibilities for translation and information technology.[6]

Liikanen served as Governor of the Bank of Finland from 12 July 2004. As such he also became a Member of the Governing Council of the European Central Bank (2004–2018) and Governor of the International Monetary Fund for Finland (2004–2018).[7]

In February 2012, EU Commissioner Michel Barnier asked Liikanen to chair a group of experts to assess the need for structural reforms to the EU banking sector. Their works is known as the Liikanen report was published on 2 October 2012.

Liikanen was also the chairman of Finnish Red Cross between June 2008 and June 2014.

In early 2019, a Reuters poll of economists found that while Benoît Cœuré was considered best-suited for the role as President of the European Central Bank, the most likely compromise candidate was Liikanen.[8]

Positions held

Chairman of the Board of the Bank of Finland, 12 July 2004– (Present position)
1995–2004 Member of the European Commission, Brussels
1990–1994 Ambassador Extraordinary and Plenipotentiary, Head of Finnish Mission to the European Union, Brussels
1987–1990 Minister of Finance
1983–1987 Parliamentary Trustee to the Bank of Finland (Vice-Chairman), Speaker's Council
1981–1987 Secretary-General of the Social Democratic Party
1980–1989 Member and subsequently Chairman of the Supervisory Board of the Outokumpu (steel)
1978, 1982, 1988 Elected as Member of the Electoral College to select the Finnish President
1972–1990 Member of Parliament; member of Cultural Affairs Committee (1972–1975), Agriculture and Forestry Committee (Vice-Chairman) (1977–1979), Foreign Affairs Committee (member 1975–1982; Chairman 1983–1987)

Other activities

International organizations

European Central Bank (ECB), Member of the Ethics Committee (since 2018)[9]
International Monetary Fund (IMF), Ex-Officio Member of the Board of Governors[10]

Non-profit organizations

Bruegel, Chair of the Board (since 2020)[11]
Bilderberg Group, Member of the Steering Committee[12]
Systemic Risk Council (SRC), Member of the Advisory Board[13]
Trilateral Commission, Member of the European Group[14]

Personal life

Liikanen is married to Hanna-Liisa Liikanen and they have two daughters.[15][16]

Literary work

Brysselin päiväkirjat 1990–1994 (edited by Eila Nevalainen) ISBN 951-1-13832-4[17]

References

"Pääjohtaja Erkki Liikanen". Bank of Finland.
"Liikanen Urges Caution Against Tightening ECB Policy Too Soon". Bloomberg.com. 27 March 2018. Retrieved 27 March 2018.
"Pääjohtaja Erkki Liikanen". Bank of Finland.
"Council of State - Ministers of Finance". Valtioneuvosto.fi. Retrieved 12 January 2018.
"Edustajamatrikkeli". Eduskunta. Archived from the original on 14 May 2011.
"Pääjohtaja Erkki Liikanen". Bank of Finland.
"Board Members in the history of the Bank of Finland". Bank of Finland.
Anne Kauranen (25 May 2019), ECB hopeful Rehn lays out challenges facing Draghi successor Reuters.
Decisions taken by the Governing Council of the ECB (in addition to decisions setting interest rates) European Central Bank (ECB), press release of 14 December 2018 .
Board of Governors International Monetary Fund (IMF).
Board and scientific council Bruegel.
Steering Committee Bilderberg Group.
Erkki Liikanen Systemic Risk Council (SRC).
Membership Trilateral Commission.
Publications, Europa (2003). The International Who's Who 2004. Psychology Press. p. 1005. ISBN 9781857432176.
https://web.archive.org/web/20120615153429/http://www.suomenpankki.fi/en/suomen_pankki/organisaatio/johtokunta/Documents/Erkki_Liikanen_CURRICULUM_VITAE2.pdf
Liikanen, Erkki (1995). Eila Nevalainen (ed.). Brysselin päiväkirjat 1990–1994 (in Finnish). Otava. ISBN 9789511138327.

"Pääjohtaja Erkki Liikanen". Bank of Finland.

External links

Media related to Erkki Liikanen (SDP) at Wikimedia Commons

Political offices
Preceded by Esko Ollila	Minister of Finance 1987–1990	Succeeded by Matti Louekoski
First	Finnish European Commissioner 1995–2004	Succeeded by Olli Rehn
Preceded by Peter Schmidhuber as European Commissioner for Budget and Financial Control	European Commissioner for Budget, and Personnel and Administration 1995–1999	Succeeded by Michaele Schreyer as European Commissioner for the Budget
		Succeeded by Neil Kinnock as European Commissioner for Administrative Reform
Preceded by Martin Bangemann as European Commissioner for Industrial Affairs, Information and Telecommunications Technologies	European Commissioner for Enterprise and Information Society 1999–2004 Served alongside: Ján Figeľ	Succeeded by Olli Rehn
Government offices
Preceded by Matti Vanhala	Governor of Bank of Finland 2004–2018	Succeeded by Olli Rehn

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[1] "Pääjohtaja Erkki Liikanen". Bank of Finland.

[2] "Liikanen Urges Caution Against Tightening ECB Policy Too Soon". Bloomberg.com. 27 March 2018. Retrieved 27 March 2018.

[3] "Pääjohtaja Erkki Liikanen". Bank of Finland.

[4] "Council of State - Ministers of Finance". Valtioneuvosto.fi. Retrieved 12 January 2018.

[5] "Edustajamatrikkeli". Eduskunta. Archived from the original on 14 May 2011.

[6] "Pääjohtaja Erkki Liikanen". Bank of Finland.

[7] "Board Members in the history of the Bank of Finland". Bank of Finland.

[8] Anne Kauranen (25 May 2019), ECB hopeful Rehn lays out challenges facing Draghi successor Reuters.

[9] Decisions taken by the Governing Council of the ECB (in addition to decisions setting interest rates) European Central Bank (ECB), press release of 14 December 2018 .

[10] Board of Governors International Monetary Fund (IMF).

[11] Board and scientific council Bruegel.

[12] Steering Committee Bilderberg Group.

[13] Erkki Liikanen Systemic Risk Council (SRC).

[14] Membership Trilateral Commission.

[15] Publications, Europa (2003). The International Who's Who 2004. Psychology Press. p. 1005. ISBN 9781857432176.

[16] ttps://web.archive.org/web/20120615153429/http://www.suomenpankki.fi/en/suomen_pankki/organisaatio/johtokunta/Documents/Erkki_Liikanen_CURRICULUM_VITAE2.pdf

[17] Liikanen, Erkki (1995). Eila Nevalainen (ed.). Brysselin päiväkirjat 1990–1994 (in Finnish). Otava. ISBN 9789511138327.