FRANKFURT (MNI) – The following is a press release issued by the
European Central Bank on Thursday, which stated that there were “no
objections” to the proposed candidacy of Yves Mersch as a new member of
the ECB’s Executive Board:

The Governing Council of the European Central Bank (ECB) has
adopted an opinion on a recommendation from the Council of the European
Union on the appointment of a new member of the Executive Board of the
ECB.

The Governing Council had no objections to the proposed candidate,
Yves Mersch, who is a person of recognised standing and professional
experience in monetary or banking matters, as required by Article 283(2)
of the Treaty on the Functioning of the European Union.

Following the Governing Councils opinion and an opinion of the
European Parliament, the decision on the appointment will be taken by
the European Council, with the votes of its euro area members.

The ECB opinion, which will be published shortly in the Official
Journal of the European Union, is available on the ECBs website in all
the official EU languages.

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