Liikanen endorsed as Bank of Finland governor

The Parliamentary Supervisory Council of the Bank of Finland has voted to endorse European Commissioner Erkki Liikanen as the Finnish Central Bank's new governor.
The Parliamentary Supervisory Council of the Bank of Finland has voted to endorse European Commissioner Erkki Liikanen as the Finnish Central Bank's new governor.

Liikanen was chosen over his closest rival Ecofin Council chairman Sixten Korkman by a vote of 7 to 2.

Liikanen is the outgoing EU Commissioner for Enterprise and Information Society. He also served as Finland's finance minister in the late-1980s.

The chairman of the Parliamentary Supervisory Council of the Bank of Finland, Olavi Ala-Nissila, said Liikanen was endorsed because of his extensive international experience and close contacts to relevant interest groups at home.

Ala-Nissila said that Liikanen possesses the skills and knowledge required to make decisions concerning monetary policy both on a domestic and EU level.

If approved by the President, Liikanen would take on the post from the beginning of July.

Vanhala gave up the post for health reasons.

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