The Minister for Finance and Public Expenditure and Reform, Paschal Donohoe TD, today (Friday) welcomed the appointment by the European Council of Professor Philip Lane, Governor of the Central Bank of Ireland, to the Executive Board of the European Central Bank.
This followed a recommendation of the ECOFIN Council of Finance Ministers on 12 February.
Minister Donohoe stated: “I am delighted that Governor Philip Lane has been appointed to the Executive Board of the European Central Bank.
Philip is an outstanding economist, and has made an important contribution over the last four years as Governor of the Central Bank.
This is an important and prestigious position. I am confident that Philip will excel in his new role at the ECB, and I wish him every success.”
ENDS
Notes to Editors
Professor Lane will take up his new post on 1 June 2019, succeeding Peter Praet, whose term ends on 31 May. The ECOFIN Council of Finance Ministers adopted a formal recommendation to the European Council regarding the appointment of Philip Lane on 12 February. Following opinions from the European Parliament and the European Central Bank, the European Council appointed Philip Lane to the Executive Board of the ECB at its meeting on 21-22 March.