Fears of 'politicisation' of ECB

Mario Draghi cagey on appointment of Spain's finance minister

28th February, 2018
President of the European Central Bank, Mario Draghi at the European Parliament Committee on Economic and Monetary Affairs in Brussels. Pic:Getty

European Central Bank officials are unhappy with the 'politicisation' of the bank after the eurogroup of eurozone finance ministers nominated one of their own to the position of vice president of the ECB.

Finance minister Paschal Donohue had initially nominated Irish Central Bank governor Philip Lane to replace the outgoing Vítor Constâncio as ECB president Mario Draghi's deputy, but, even after Lane had impressed MEPs when being grilled for the position, Donohue abruptly withdrew the...

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