PRESS RELEASE

ECB Opinion on the appointment of the Vice-President of the ECB

18 April 2002

At today's meeting, the Governing Council of the ECB adopted an Opinion on a Recommendation from the Council of the European Union on the appointment of the Vice-President of the ECB.

The Governing Council had no objection to the proposed candidate, Mr. Papademos, who is a person of recognised standing and professional experience in monetary or banking matters, as required by Article 112 (2) (b) of the Treaty establishing the European Community.

Following this ECB Opinion and an Opinion of the European Parliament, the new Vice-President of the ECB will be appointed by common accord of the governments of the Member States which have adopted the single currency at the level of the Heads of State or Government.

The ECB Opinion, which will be published shortly in the Official Journal of the European Communities, is available on the ECB's website in all the official Community languages.

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