Role and Appointment
The President heads the executive board, governing council and general council of the ECB. He also represents the bank abroad, for example at the G20. The President is appointed by majority in the European Council, de facto by those who have adopted the euro, for an eight-year non-renewable term. However the first President, Duisenberg, did not serve his full term (see below)
Read more about this topic: President Of The European Central Bank
Famous quotes containing the words role and/or appointment:
“Nothing is ever simple. What do you do when you discover you like parts of the role you’re trying to escape?”
—Marilyn French (b. 1929)
“Democracy substitutes election by the incompetent many for appointment by the corrupt few.”
—George Bernard Shaw (1856–1950)