Central Banking

Duisenberg to give way to Trichet mid-02-Lemierre

EUROPE - The European Central Bank on Mar 27, 2001 declined to comment on remarks by a senior European banker suggesting ECB President Wim Duisenberg will step down in mid-2002 to make way for Bank of France head Jean-Claude Trichet.

The head of the European Bank for Reconstruction and Development (EBRD) Jean Lemierre told Italian newspaper La Repubblica that he had witnessed how European Union leaders agreed a change of ECB leadership in May 1998.

"I was there on that famous night in 1998, the