ECB on collision course with European Parliament over top supervisory appointments
The chair of the European Parliament's Economic and Monetary Affairs committee today promised to hang on firmly to the committee's hard-won veto on the appointment of a chair and vice-chair for the European Central Bank's supervisory board – despite ECB claims that a parliamentary veto "seems inappropriate".
Yves Mersch, the member of the ECB's executive board with responsibility for the banking union project, and whose appointment to the board was opposed by the European Parliament (EP), said
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