Lane closer to seat at ECB top table

If approved, the former Trinity College professor would replace the bank’s current chief economist Peter Praet, who is stepping down at the end of May

Philip Lane. Pic: RollingNews.ie

EU finance ministers have formally recommended that Central Bank Governor Philip Lane be appointed tothe executive board of the European Central Bank.

If approved, the former Trinity College professor would replace the bank’s current chief economist Peter Praet, who is stepping down at the end of May.

Ireland, a founder member of the euro zone, has never held a seat on the six-member ECB board. The European Parliament and the ECB itself will ...