Mersch to join ECB board despite EU parliament rejection

15 Oct, 2012

Luxembourg central banker Yves Mersch is set to be appointed to the European Central Bank's executive board despite opposition from the European Parliament, Germany's Sueddeutsche Zeitung said in an article due to be published on Monday.
Mersch could join the board by mid-November, the newspaper said, citing high-ranking sources at the International Monetary Fund meeting in Tokyo.
ECB President Mario Draghi said on Tuesday that the executive board of the euro zone's central bank should, especially in times of crisis, be completed and that Mersch's nomination should go through.
Leading lawmakers from six of the largest political groupings in the European Parliament have agreed to reject Mersch, 63, on grounds of systemic gender bias at the ECB.

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