Battle for ECB executive board seat underway


The fight to replace José Manuel González-Páramo when his term as a member of the European Central Bank's (ECB) executive board finishes at the end of May is well under way.

The cabinet of Finnish prime minister, Jyrki Katainen, has confirmed Finland would not put forward a candidate. With Bank of Finland governor Erkki Liikanen out of the running, the ECB seemed one step closer to maintaining its tradition of having only the largest eurozone countries represented on the six-member board.

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