Ireland Stands by Its Central Bank Outsider - For Now
Ireland’s government is standing by its choice to run the country’s central bank - for now - as he finds himself at the centre of a political dispute in another country.
New Zealand Treasury Secretary Gabriel Makhlouf, slated to become Ireland’s first overseas central bank head in September, is embroiled in controversy over how secret budget material became public, with two investigations into the affair underway.
Ireland’s finance ministry has so far refused to comment on what it describes as a “political matter in New Zealand.” Speaking privately, two people familiar with the matter say Makhlouf’s position is not under threat for the moment. ...
