Executive Board of the European Central Bank

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.

Composition

Year President* Vice President* Board Members*
1998 Wim Duisenberg
Christian Noyer
Sirkka Hämäläinen
Eugenio Domingo Solans
Tommaso Padoa-Schioppa
Otmar Issing
(Chief Economist)
1999
2000
2001
2002 Lucas Papademos
2003 Jean-Claude Trichet
Gertrude Tumpel-Gugerell
2004 José Manuel González Paramo
2005 Lorenzo Bini Smaghi
2006 Jürgen Stark
(Chief Economist)
2007
2008
2009
2010 Vítor Constâncio
2011 Mario Draghi
Peter Praet
(Chief Economist: 2012–2019)
2012 Benoît Cœuré
Jörg Asmussen
2013 Yves Mersch
2014 Sabine Lautenschläger
2015
2016
2017
2018 Luis de Guindos
2019 Christine Lagarde
Philip R. Lane
(Chief Economist)
2020 Fabio Panetta
Isabel Schnabel
2021 Frank Elderson
* Terms are for Board appointments, not for Executive positions.[1]

References

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.