Report says Belgium set to propose ECB candidate

According to a report in a Belgian local daily on Thursday 5 February, Peter Praet, a central bank director, is set to be put forward as a replacement to a retiring ECB board member.

Belgium's cabinet will probably announce Praet's candidacy after its weekly meeting on Friday ahead of a meeting of euro zone finance ministers next week, the report in Le Soir said.

Praet and deputy central bank governor Luc Coene had been seen as likely candidates to replace Spaniard Eugenio Domingo Solans on the