Mersch appointed to ECB amid continuing controversy
Yves Mersch, director-general of the Central Bank of Luxembourg, will fill the vacant position on the European Central Bank's (ECB) executive board, despite opposition from the European Parliament due to the lack of female candidates.
The European Council, which has final say in the decision, today (November 23) said Mersch would start his eight-year term on December 15. Mersch replaces José Manuel González-Paramo, whose tenure ended on May 31 this year.
The selection process was delayed when
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