Top civil servant to be new governor in Ireland

IRELAND - Mr John Hurley, the senior civil servant in the Department of Finance, will be the new governor of the Central Bank. The incumbent, Mr Maurice O'Connell, has indicated to the Minister for Finance, Mr Charlie McCreevy that he will be stepping down on March 10th.

Mr O'Connell had been due to retire last May at the end of his seven-year term, but stayed on to oversee the introduction of the euro, at the request of the Minister. Mr Hurley, who is secretary general of the Department, has