Mersch Named to ECB After Longest Euro Appointment Battle
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Luxembourg’s Yves Mersch was named to the European Central Bank’s board after the longest battle over an appointment in the euro’s 13-year history, bolstering the ECB’s anti-inflation wing.
Mersch, 63, overcame Spain’s attempt to retain the seat and a plea by European parliamentarians to give the post to a woman. He will join the ECB’s six-member Frankfurt-based Executive Board on Dec. 15, according to a European Union statement issued at a summit in Brussels early today.